News Highlights: Top Company News of the Day
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
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
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
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)
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