OPEC and Aramco Are Too Close for Comfort 
 

Saudi Arabia's push to extend OPEC's oil production cuts justifies investor concerns about the company's close relationship with the state.

 
PG&E Had Systemic Problems With Power Line Maintenance, California Probe Finds 
 

PG&E failed to adequately inspect and maintain its transmission lines for years before a faulty line started the deadliest fire in California history, a state investigation has found.

 
Repsol Targets Net-Zero Emissions in Strategic Shift 
 

Spanish energy company Repsol is aiming to cut emissions to net-zero by 2050 and said it would take a multibillion euro impairment charge against its oil and gas assets.

 
Nomura: New Boss, Old Problems 
 

Japanese bank Nomura has a new chief executive, but the structural challenges of overseas expansion with a rigid Japanese banking culture haven't changed.

 
Centamin Rejects Endeavour Advance 
 

Centamin has rejected Endeavour Mining's $2 billion proposal to merge, stating it doesn't adequately reflect the contribution that Centamin would make to the combined business.

 
UniCredit to Shed Staff, Close Branches 
 

UniCredit will cut roughly 8,000 jobs and close about 500 branches through 2023 as it targets gross savings of EUR1 billion.

 
Sagard VC Arm Portag3 Collects $321 Million for Second Fintech Fund 
 

Portag3 Ventures, a financial technology-focused venture capital arm of Sagard Holdings, said it has closed its second fund with 427 million Canadian dollars ($321 million).

 
Astellas to Acquire Audentes Therapeutics in $3 Billion Deal 
 

Astellas Pharma Inc. and Audentes Therapeutics Inc. said they reached a deal that will see Astellas acquire Audentes for $60 per share in cash. The deal has a total equity value of $3 billion.

 
Chew on This: Gum That Promises to Help You Sleep and Make You Skinny 
 

Gum makers are mixing everything from vitamins to candy into their recipes to give customers more incentives to pick up a pack.

 
FBI Warns FaceApp Could Pose Counterintelligence Threat 
 

The FBI said certain Russian-made software, including the viral hit FaceApp, pose a potential counterintelligence threat and could put Americans' private data at risk.

(END) Dow Jones Newswires

December 03, 2019 07:15 ET (12:15 GMT)