News Highlights: Top Company News of the Day
Shell Near Deal to Sell Permian Assets to ConocoPhillips for $9.5 Billion
The sale would be one of the biggest recent transactions in the
shale patch as large oil companies come under increasing pressure
to diversify outside of fossil fuels.
SEC Is Investigating Activision Blizzard Over Workplace Practices, Disclosures
Federal regulators have launched an investigation into
Activision Blizzard, including how the videogame company handled
employees' allegations of sexual misconduct and workplace
GM to Replace Batteries in Recalled Chevy Bolts
Dealerships are scheduled in mid-October to begin fixing
Chevrolet Bolts that were recalled for fire risk, although many
owners of the electric car likely will have to wait months.
Twitter to Pay $809.5 Million to Settle Securities Suit
The consolidated class-action securities lawsuit alleged the
social-media company deliberately misled investors about user
engagement in 2015.
Fidelity Taps Joanna Rotenberg to Head $4 Trillion Personal-Investing Business
The appointment of Ms. Rotenberg, who was at Canada's BMO
Financial Group, comes amid wave of stock trading by individual
AstraZeneca Breast Cancer Drug Found to Reduce Risk of Dying
The drug maker said Enhertu significantly reduced the risk of
death or disease progression in women with advanced disease in a
large clinical trial, the latest sign that its push into oncology
is starting to pay off.
Allianz Asset-Management Head in Talks to Depart
Jacqueline Hunt is in talks to leave the company as it navigates
a Justice Department probe into a group of investment funds that
suffered steep losses last year.
Pfizer, BioNTech Say Vaccine Is Safe for Young Children
The companies said the Covid-19 vaccine generated levels of
antibodies that were similar to those of younger adults. Pfizer
will seek emergency use authorization in the U.S. as early as the
end of the month.
Freshworks Shouldn't Spoil on Delivery
The cloud-software company's IPO should stand out for its
reasonable valuation and path to profitability.
CVS Makes Hiring Push Amid Worker Shortage, Demand for Vaccines
The largest U.S. pharmacy chain by stores said it plans to add
25,000 employees this week in a single-day hiring spree to prepare
for a potential surge in demand for Covid-19 booster shots.
(END) Dow Jones Newswires
September 20, 2021 17:15 ET (21:15 GMT)
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