News Highlights: Top Company News of the Day
February 26 2020 - 5:15PM
Dow Jones News
Trump Campaign Sues New York Times Over Opinion Piece
President Trump's campaign filed a libel lawsuit against the New
York Times, accusing it of knowingly publishing false and
defamatory statements in an opinion piece on the 2016 election and
Russia.
Disney's New CEO Described as a Number-Crunching Tactician
Bob Chapek, now at the helm of Walt Disney, is described by
those who have worked with him as a skilled tactician who
identifies targets and looks for ways to achieve his metrics.
Tech Platforms Aren't Bound by First Amendment, Court Rules
A federal appeals court in California ruled that privately
operated internet platforms are free to censor content they don't
like.
SoftBank's Rajeev Misra Used Campaign of Sabotage to Hobble Internal Rivals
The man atop the world's biggest tech fund paid for a campaign
that included negative news stories, a concocted shareholder
campaign and a sexual trap, people familiar with the matter say. A
Misra spokesman said he did not orchestrate the effort.
Nestlé Halts Trips Abroad as Other Companies Add Travel Curbs
As fears rise over Covid-19's spread, companies are canceling
business travel and off-site events around the globe and devising
contingency plans for more employees to work remotely.
FTC Rejects Planned Coal Joint Venture by Peabody, Arch
U.S. regulators voted to block a plan from mining companies
Peabody Energy and Arch Coal to combine their operations in a major
coal-production region, saying it would limit competition and raise
prices.
Uber's Food-Delivery Boss Leaving Company
The departing Jason Droege will be succeeded at Uber Eats by the
head of its international rides business, Pierre-Dimitri
Gore-Coty.
Papa John's Sees Higher Sales After Tough Stretch
Papa John's said it believes comparable sales, or those from
restaurants open for at least a year, will rise 2.5% to 5% this
year in the U.S. and Canada.
European Airline Share Rout Continues on Oil Hedging, Coronavirus Fears
European carriers' shares were on track for their biggest weekly
declines in years, as investors feared they could be hurt more
severely by falling oil prices than their U.S. counterparts.
Blackstone Bets Big on U.K. Student Housing, Acquiring IQ for $6 Billion
The U.S. buyout giant's move comes as an early but significant
sign of a rebound in European deal-making this year despite a
global slowdown.
(END) Dow Jones Newswires
February 26, 2020 17:00 ET (22:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.