News Highlights: Top Company News of the Day
OpenAI Employees Threaten to Quit Unless Board Resigns
More than 700 employees have threatened to resign from the
company if the current board doesn't resign and reinstate former
CEO Sam Altman.
EV Startup Fisker Has Lost Another Chief Accounting Officer
The resignation marks the latest setback for a company that only
recently started selling its first model.
CFPB Orders Toyota to Pay $60 Million Over Lending Practices
Federal regulators have ordered Toyota Motor's auto-lending arm
to pay $60 million in fines and consumer redress for allegedly
preventing borrowers from canceling product bundles that raised
their monthly loan payments.
GM's Self-Driving Car Unit Skids Off Course
GM's self-driving car division was once one of the bright spots
in the tenure of CEO Mary Barra. Now both of its co-founders have
quit and it is grappling to rebound from alarming mishaps.
Citigroup Moving On to Next Phase of Reorganization
Citigroup began making an extensive round of layoffs and
organizational changes, part of Chief Executive Jane Fraser's
efforts to streamline the bank.
Bayer Tumbles After Clinical Trial Failure, Roundup Case Loss
Shares fell sharply after the company stopped a late-stage study
for a cardiovascular drug because of lack of efficacy and was
ordered to pay around $1.6 billion in a lawsuit relating to its
Bristol Myers Squibb Falls After Drug Approval Delayed
Abecma, developed with 2seventy Bio, won't be approved for
earlier treatments of a certain kind of blood cancer by a Dec. 16
McDonald's Buys Back Minority Stake in China Business
The deal will boost the company's stake in its operation in the
world's second-largest economy to 48%.
Unions Are So Hot Even Megabank Employees Are Trying to Join
Workers at two Wells Fargo branches are expected to hold
elections to decide whether to unionize.
NRG Energy CEO Exits Amid Board Shakeup
NRG Energy replaced its chief executive and adding new members
to the board after a push for new leadership by activist investor
Elliott Investment Management.
(END) Dow Jones Newswires
November 20, 2023 17:00 ET (22:00 GMT)
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