Congress Sets Stage for Exiling Chinese Stocks From U.S. Over Audit Dispute 
 

The House unanimously approved legislation that threatens a trading ban of shares of Chinese companies, such as Alibaba, over concerns that their audits aren't sufficiently regulated.

 
Judge in Google Antitrust Case Weighs How to Protect Business Secrets 
 

A federal judge said the two sides in the case have work to do in deciding who will have access to sensitive information provided by third-party companies.

 
Macquarie Group to Acquire Waddell & Reed Financial 
 

Macquarie Group has agreed to acquire U.S.-based asset and wealth manager Waddell & Reed Financial for $1.7 billion.

 
Qantas to Ground International Flights Until July 
 

Australia's biggest airline, Qantas Airways, said regular international flights will remain mostly grounded until at least July, though domestic capacity is ramping up as coronavirus restrictions ease.

 
Coronavirus Pandemic Accelerated Cybersecurity Awareness at Mastercard, Rockwell Automation 
 

Businesses are raising awareness of cybersecurity threats and staying in closer touch with employees as they try to defend networks supporting larger work-from-home populations since the Covid-19 outbreak began.

 
XPO Logistics to Spin Off Contract Logistics Business 
 

The company intends to spin off its global contract logistics business while keeping its trucking and freight brokerage operations as a stand-alone business, the company said.

 
Dyal Capital in Talks to Combine With Owl Rock Capital 
 

The talks are part of a complicated deal with a special-purpose acquisition company that would value the fast-growing asset managers at about $13 billion combined and take them public.

 
Amazon in Talks to Buy Podcast Maker Wondery 
 

The tech giant is in exclusive talks to purchase the last large, independent podcaster on the market, according to people familiar with the matter, as it pushes further into the growing audio sector.

 
Discovery Launches Streaming Service for Its Cable Shows 
 

Discovery+ will launch on Jan. 4 and feature shows from channels including Food Network, TLC and Animal Planet.

 
UPS Slaps Limits on Some Shippers 
 

The delivery giant recently imposed volume restrictions on Gap, Nike and some other large retailers, as the pandemic-driven surge in online shopping puts pressure on its capacity.

(END) Dow Jones Newswires

December 02, 2020 19:15 ET (00:15 GMT)