News Highlights: Top Company News of the Day
April 01 2020 - 3:30AM
Dow Jones News
Xerox Is Ending Hostile Takeover Bid for HP
Xerox is pulling the plug on its hostile bid to buy larger rival
HP after the coronavirus pandemic undermined the copier maker's
ability to pull off the debt-laden merger.
European Corporate Roundup: Pirelli Secures New Credit Line
Italy's Pirelli said it has secured a new EUR800 million credit
facility that it will use to repay existing debt.
Dozens of Whole Foods Workers Skip Work but Stores Are Unaffected
Dozens of workers at Whole Foods Market stores across the U.S.
skipped their shifts to call attention to demands for better pay
and more safety measures to protect them during the coronavirus
pandemic, according to a group that organized the action. Business
continued as usual at the chain, which employs more than 95,000
people.
Bankrupt Restaurant Operator CraftWorks Fires Nearly All Its 18,000 Workers
CraftWorks Holdings, which had planned to sell itself out of
bankruptcy before the pandemic's crushing impact on consumer
activity, fired the bulk of its workforce on Tuesday and terminated
employee-benefit plans.
Airlines Seeking Federal Aid Can't Share Flights
Initial rules governing airlines' access to federal aid require
carriers to maintain certain levels of service and won't allow any
coordination that would violate antitrust strictures.
Europe's Banks Urged to Cut Dividends to Shore Up Capital
European banks are shoring up capital by canceling or delaying
dividend payments amid concern about their ability to absorb a
potential rush of bad loans as households and companies are
impacted by the coronavirus pandemic.
Dairy Co-Op's $433 Million Bid Wins Dean Foods Bankruptcy Auction
Milk processor Dean Foods named Dairy Farmers of America's $433
million bid as the winner at a bankruptcy auction for most of
Dean's assets, a step toward potentially uniting the two dairy
giants.
Marriott Reveals Breach That Exposed Data of Up to 5.2 Million Customers
Marriott International is investigating a data breach that
exposed up to 5.2 million customers' personal information, at least
the third cyber incident for the hotel giant in the past 18
months.
Apple Commits to Paying Contractors
The tech giant said it plans to pay its hourly contract workers
after some janitors at their Silicon Valley campus were told their
jobs were being suspended without pay.
News Corp to Sell News America Marketing Unit
News Corp agreed to sell News America Marketing, its
coupon-publishing unit, for about $235 million in cash to the
private-equity firm Charlesbank Capital Partners.
(END) Dow Jones Newswires
April 01, 2020 03:15 ET (07:15 GMT)
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