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News Highlights: Top company news of the day

Dow Jones Newswires ·  Dec 7, 2021 21:53  · Markets

Supply-Chain Snags Likely to Persist, Three CEOs Say

The chiefs of $Intel(INTC.US)$, $Wayfair(W.US)$ and $Accenture(ACN.US)$ each said that the disruptions rippling across the U.S. economy are improving for some companies but that long-term fixes might take much longer.

Facebook Parent to Allow Employees to Delay Return to Offices

Technology company $Meta Platforms(FB.US)$ plans to fully reopen its U.S. offices in January, though the new program could enable some workers to come back as late as June.

$Blackrock(BLK.US)$ to Pull $2 Trillion in Assets From State Street

State Street was sole custodian for the investing firm's U.S. exchange-traded fund business for more than a decade.

$Wynn Resorts(WYNN.US)$ Names Gambling-Industry Executive as CFO

Julie Cameron-Doe is set to succeed Craig Billings as the Las Vegas-based casino operator's finance chief next year.

$Meta Platforms(FB.US)$'s Head of Messenger to Leave Company Next Year

Stan Chudnovsky's resignation is the latest in a series of high-profile departures from the social-media company.

$Amazon(AMZN.US)$ Emerges as the Wage-and-Benefits Setter for Low-Skilled Workers Across Industries

In local markets throughout America, e-commerce giant's facilities have an impact on inflation, job markets and labor standards.

'The List,' One of the World's Oldest Business Newspapers, Is for Sale

London-listed Informa intends to sell Lloyd's List, a publication that traces its roots back nearly 300 years.

$Citigroup(C.US)$'s Jane Fraser Expects to Shed Some Clients for Climate Purposes

The bank will outline its plans for how to respond to clients in the energy industry.

$Kellogg(K.US)$ Workers Stay on Strike After Rejecting Tentative Agreement

About 1,400 workers have been on strike for two months, demanding better pay and enhanced benefits.

$Intel(INTC.US)$ CEO Aims to Capitalize on Increased Car Automation With Mobileye IPO

The U.S. chip giant plans to retain a majority stake in the self-driving car business.

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