Company News for Nov 30, 2020

Zacks Equity Research Published on November 30, 2020

Shares of Walt Disney Co. (DIS - Free Report) dipped 1.3% after the company said that it would lay off 32,000 workers, compared to the 28,000 job cuts announced previously.
iQIYI, Inc. (IQ - Free Report) shares fell 1.7% following news that Alibaba Group Holdings Ltd. (BABA - Free Report) and Tencent Holdings Ltd have stalled talks in buying a controlling stake in the company.
Shares of Facebook, Inc. advanced 0.8% following news that the company is planning to launch its Libra cryptocurrency as early as January next year.
Apple Inc. (AAPL - Free Report) shares rallied 0.5% following news that at the request of the company, supplier Foxconn is shifting some assembly of iPad and MacBook to Vietnam from China.

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