Wall Street Journal
Commercial News
11/25/20
WSJ.com: US Business
Penguin Random House Parent Near Deal to Buy Simon & Schuster From ViacomCBS
ViacomCBSInc. is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, according to people familiar with the matter. GE Plans More Job Cuts in Aviation Division
General Electric warned employees that more job cuts are coming to the conglomerate?s jet-engine business because of the pandemic?s impact on commercial air travel even with the promise of a vaccine on the horizon. PC Sales Help HP, Dell Offset Weak Office Spending
Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending. Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way
Gap?s quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season. Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department. Politics Isn't Janet Yellen's Forte, but It's What She's In for Now
Biden?s pick for Treasury secretary has done it all in economic policy, and if confirmed will face new tests on debt and spending in a deeply divided Washington. Upbeat Investors Look Past Current Woes
U.S. economic growth is slowing and coronavirus cases are surging, but stocks climb ever higher as investors look ahead to when vaccines usher in better days. |
