News Highlights: Top Company News of the Day
April 06 2020 - 3:30AM
Dow Jones News
European Corporate Roundup:
The latest news from corporate Europe, including
coronavirus-related warnings from Rolls Royce and Sage.
With Coronavirus Shutdowns, Airlines Learn to Manage Without Flying Many Planes
No longer operating globe-spanning flights, airlines are
consumed with new work: navigating government bailouts, negotiating
with unions, finding places to park idle planes and scrounging for
business like flying cargo.
Facebook's Road to Redemption Runs Straight Down Main Street
The company is responding to the coronavirus crisis by
developing digital tools and a $100 million rescue fund to help the
small businesses that depend on the social network.
United Cuts New York Flights as City Hunkers Down
United Airlines is cutting nearly 90% of its New York-area
flying, as public health officials predicted that the city will
reach the peak of its novel coronavirus outbreak in the coming
days.
Gilead Accelerates Production of Experimental Coronavirus Drug
Gilead Sciences has ramped up production of its experimental
coronavirus drug amid overwhelming demand and said it won't charge
for the 1.5 million doses it now has on hand.
Wells Fargo Curtails Jumbo Loans Amid Market Turmoil
Wells Fargo & Co. substantially curtailed its program for
making large loans this week, one of the most pronounced signs yet
of how the recent market turmoil is cutting off access to some
types of mortgages.
Auckland Airport Seeks NZ$1.2B From Shareholders
Auckland International Airport says it is trying to raise up to
1.2 billion New Zealand dollars ($700 million) from shareholders to
ride out the coronavirus pandemic.
Zoom CEO: 'I Really Messed Up' on Video Platform's Security
The software's rapid transformation from a business tool into a
lifeline for countless homebound users has attracted trolls and
hackers as well as scrutiny from privacy experts that the company
is now racing to address.
Big Tobacco Joins Race for Coronavirus Vaccine
British American Tobacco is developing a potential vaccine grown
in tobacco plants, while Medicago, a biotech firm partly owned by
Philip Morris International, is pursuing a similar effort.
Coronavirus Bogs Down Bayer's Roundup Settlement Talks
The company says the new coronavirus is slowing down settlement
talks with tens of thousands of plaintiffs who say its Roundup
weedkiller causes cancer.
(END) Dow Jones Newswires
April 06, 2020 03:15 ET (07:15 GMT)
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