News Highlights: Top Company News of the Day
March 27 2020 - 7:15PM
Dow Jones News
Fed Discloses BlackRock's Fees for Bond-Purchasing Program
The firm has been hired to help in the effort to calm markets,
but the Fed aims to reduce the chance BlackRock will profit
unfairly from the contract.
Boeing to Emerge as Big Stimulus Winner
Boeing is set to emerge as a big winner of the coronavirus
stimulus package, even if the aerospace giant declines to seek
direct taxpayer help
Trump Orders GM to Make Ventilators
President Trump said he was ordering General Motors to start
making ventilators amid a dispute between his administration and
the auto maker over a contract to build the machines.
Regulators Adjust U.S. Bank Capital Requirements to Encourage Lending
U.S. regulators gave banks a reprieve from new accounting
standards that require lenders to book losses on soured loans more
quickly, the latest step designed to encourage banks to keep
lending during the spread of the new coronavirus.
China Clears Goldman Sachs, Morgan Stanley to Control Securities Units
The China Securities Regulatory Commission will allow Goldman
Sachs and Morgan Stanley to move to 51% ownership of their local
joint ventures, taking a key step in opening up the country's
financial markets to Wall Street.
One Business Winner Amid Coronavirus Lockdowns: the Cloud
Cloud-computing providers are emerging as among the few
corporate winners in the coronavirus pandemic as office and store
closures across the globe have pushed more activity online.
Pharma's Future Blockbusters Laid Up With Coronavirus
Pharmaceutical companies tend to be relatively safe places to
invest during economic shocks, but even they aren't immune to the
economic pinch from the Covid-19 pandemic.
Allianz Global Investors Liquidates Two Hedge Funds
The investing unit of German insurer Allianz is liquidating two
hedge funds after they took heavy losses in recent weeks on
stock-options trades.
Coronavirus Pandemic Delays Testing of New Drugs
Patients enrolled in some experimental drug studies have stopped
showing up at trial sites, and hospitals supposed to see trial
subjects are shifting their attention to coronavirus cases.
Kirin Shareholders Reject Share Buyback in Blow to U.K. Investor
Shareholders at Japanese beer maker Kirin Holdings soundly
defeated a proposal by a London-based investor to unload the
company's health-care holdings and carry out a big share
buyback.
(END) Dow Jones Newswires
March 27, 2020 19:00 ET (23:00 GMT)
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