News Highlights: Top Company News of the Day

Date : 02/26/2020 @ 10:15PM
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
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.


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