News Highlights: Top Company News of the Day
December 03 2020 - 1:30PM
Dow Jones News
Salesforce's Slack Deal Faces Post-Pandemic Test
Salesforce.com's proposed purchase of workplace collaboration
software pioneer Slack Technologies was prompted by the pandemic,
but its success will hinge on whether it delivers in the
post-lockdown world, analysts say.
Boeing Wins First Big 737 MAX Order Since Grounding Ended
Ryanair Holdings agreed to buy 75 of Boeing's 737 MAX jets, a
boost for the troubled plane maker following the aircraft's
prolonged grounding.
Facebook to Remove Covid-19 Vaccine Misinformation
The social-networking giant updated its misinformation policy on
the coronavirus to include vaccine-related content, as the company
looks to fight claims it isn't doing enough to protect its billions
of users.
Walmart, Like Amazon, to Pay Holiday Bonuses to U.S. Workers
Walmart plans to pay another round of bonuses to U.S. workers as
it seeks to retain and reward staffers managing a surge in sales
during the coronavirus pandemic.
Stripe to Offer Banking Services in Deal With Goldman Sachs, Citigroup
The payment processor for online businesses is set to give its
customers the option of offering bank accounts, debit cards and
other cash-management services to their own merchants and
vendors.
Kroger Reports Strong, But Slowing, Sales Growth
The supermarket operator's sales slowed during the latest
quarter despite people eating mostly at home, illustrating mounting
competition among food sellers to reach consumers during the
pandemic.
Chevron Slashes Spending Plans as Coronavirus Hammers Oil Demand
The oil company said it would cut its annual capital spending
budget by 26% next year and sharply through the middle of the
decade.
Canadian Banks, Led by TD and RBC, Get Boost From Stimulus
Canada's government has opened its fiscal spigot in an effort to
prop up an economy reeling from the coronavirus pandemic, and
Canadian banks have been among the biggest beneficiaries, allowing
them to avoid major loan losses and boost deposits.
Airline Cards Lose Luster as Coronavirus Persists
People don't need flight upgrades, airport lounges and other
perks of airline cards in a pandemic. Airlines and banks are
scrambling to keep the cards at the top of customers' wallets.
U.S. Tech Giants Face Tighter Regulation in Europe
The European Union plans to introduce in coming weeks new
proposals aimed at changing behavior-and in some cases, business
models-at large online platforms, reasserting the bloc's role as
global tech cop.
(END) Dow Jones Newswires
December 03, 2020 13:15 ET (18:15 GMT)
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