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News Highlights: Top Company News of the Day

11/27/2020 | 09:16am EST
Black Friday Deals Are More Tame as Coronavirus Alters Sales Strategies 
 

Clothing retailers and department stores canceled orders and discounted heavily to clear unsold merchandise during the spring coronavirus lockdown. They continue to keep inventories slim, which allows them to discount less.

 
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.

 
Outside Monitors Urge Deutsche Bank to Quit Russia 
 

Monitors appointed by New York state's Department of Financial Services told the German lender it should drop plans to expand in Russia.

(END) Dow Jones Newswires

11-27-20 0915ET

Stocks mentioned in the article
ChangeLast1st jan.
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 1.47% 3.944 Delayed Quote.-3.67%
BANCO DE SABADELL, S.A. 3.51% 0.3685 Delayed Quote.0.57%
CENTRICA PLC 0.35% 49.34 Delayed Quote.5.52%
DEUTSCHE BANK AG 1.89% 8.771 Delayed Quote.-3.81%
MICROSOFT CORPORATION 1.22% 232.33 Delayed Quote.1.59%
SLACK TECHNOLOGIES, INC. 0.38% 42.78 Delayed Quote.0.90%
SPOTIFY TECHNOLOGY S.A. 1.02% 337.01 Delayed Quote.6.02%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.43% 74.887 Delayed Quote.2.19%
WIRECARD AG -44.85% 0.6 End-of-day quote.92.93%
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