News Highlights: Top Company News of the Day
April 01 2020 - 7:15PM
Dow Jones News
AMC Entertainment Lenders Hire Lawyers for Restructuring Talks
Lenders for AMC Entertainment have hired restructuring lawyers,
according to people familiar with the matter, after the world's
largest movie theater-chain shut down its cinemas due to the
coronavirus pandemic.
A Top Occidental Executive Is Out as Company Grapples With Oil Rout
Oscar Brown, a key lieutenant of CEO Vicki Hollub, played a
substantial role in last year's acquisition of Anadarko
Petroleum.
Coronavirus Outbreak Takes Toll On U.S. Auto Sales
A collapse of showroom traffic in March led to a big drop in
U.S. sales for major car companies in the first quarter,
illustrating how quickly the coronavirus outbreak has dented
business for one of the nation's largest industries.
Booming Interest in Zoom Cocktail Hour Comes With Corporate Hangover
Zoom Video Communications' newfound popularity amid the
coronavirus pandemic is proving both a boon and a burden.
AT&T Names Former Hulu Boss as WarnerMedia CEO
Jason Kilar will take the helm at the unit housing HBO and CNN
when it is on the verge of launching a new streaming service.
European Fund's Investors Face Penalty Amid Losses
A roughly EUR458 million European mutual fund with investments
managed by Selwood Asset Management has imposed a levy on
shareholders trying to exit the fund, showing how reduced liquidity
in credit markets continues to hurt investors.
FDA Calls for Removal of Zantac
U.S. health regulators ordered the popular heartburn drug and
other ranitidine generics off the market, citing a potential
public-health risk.
T-Mobile Absorbs Sprint After Two-Year Battle
The conclusion of the cellphone carriers' combination brings to
an end years of wrangling with federal and state authorities.
PG&E Fire Victims Agitate Against Deal to Exit Bankruptcy
Some victims of the California wildfires are campaigning to vote
down the utility's exit plan over concerns it pays them half their
settlement in shares, exposing them to higher risks than hedge
funds, other creditors.
Spotify Strikes New Deal for Warner Music Catalog
Spotify and Warner Music have reached a new global licensing
agreement, the companies said, ending a contentious yearslong
negotiation between the streaming giant and the third-largest music
label.
(END) Dow Jones Newswires
April 01, 2020 19:00 ET (23:00 GMT)
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