News Highlights: Top Company News of the Day
27 November 2020 - 6:15PM
Dow Jones News
Black Friday During Pandemic Means Fewer Shoppers, Deals
Clothing retailers and department stores canceled orders and
discounted heavily to clear unsold merchandise during spring
lockdowns. Many have kept inventories slim since then, which allows
them to discount less.
Wary of New Lockdowns, CFOs Stand Ready With Covid Contingency Plans
Finance chiefs say they are better prepared to navigate
inventory challenges and cost cuts than they were last spring.
Slack Missed Out on Pandemic's Zoom Boom, Leaving It Vulnerable
When the coronavirus sent millions of professionals working
remotely, other companies seized the spotlight, making Slack a
potential acquisition target.
Spanish Lenders BBVA, Sabadell Abandon Merger Talks
Banco Bilbao Vizcaya Argentaria, Spain's second-largest lender
by assets, and smaller peer Banco de Sabadell ended their merger
talks because of disagreements over pricing, underlining that
consolidation in Europe's banking system remains complicated.
Spotify Needs More Than a Cup of Joe
Joe Rogan's podcast, about to go exclusive, will need to deliver
a big boost in paid users to justify the Spotify stock's run.
Cars Are Going Digital, But Detroit Has a Long Road Ahead
It will be awhile until car makers can reap the benefits of
turning your next vehicle into a giant smartphone
Covid-19 or Not, Here Vimeo Comes
As business increasingly moves online, Vimeo should have
investors tuning in, even once they are physically back at
work.
U.K.'s Centrica Seeks to Sell Liquefied Natural Gas Portfolio
The energy supplier is trying to sell its portfolio of LNG
supply contracts and other assets, according to people familiar
with the matter, as it seeks to simplify its operations amid
volatile LNG prices.
German Prosecutors Examine Ernst & Young's Role in Wirecard Collapse
German prosecutors said they are examining Ernst & Young's
role in the collapse of disgraced payments operator Wirecard,
ratcheting up pressure on the audit firm.
With Slack, Salesforce Would Put Heat on Microsoft
The battle to be the go-to business-software provider is
intensifying, as Salesforce looks to acquire Slack
Technologies.
(END) Dow Jones Newswires
November 27, 2020 13:00 ET (18:00 GMT)
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