News Highlights: Top Company News of the Day
May 24 2020 - 9:30PM
Dow Jones News
Nissan, Renault Prepare Billions of Dollars in Cuts
The alliance of Renault and Nissan Motor is set to disclose
billions of dollars in cost cuts this week and Nissan is looking to
slash capacity by an additional million vehicles.
Lucky Timeout for Take-Two as Game Crunch Looms
Having no major releases slated for this year could spare the
videogame publisher work-from-home delays.
Rental-Car Company Hertz Files for Bankruptcy
One of the nation's largest car-rental companies entered chapter
11 proceedings hoping to survive a drop-off in ground traffic from
the pandemic and to avoid a forced liquidation of its vehicle
fleet.
Elon Musk's SpaceX Readies First Astronaut Launch by Private Firm
With the scheduled launch of two NASA astronauts into orbit
Wednesday, Space Exploration Technologies aims to propel the U.S.
into a historic new era of commercially led space exploration.
SEC Charges Hollywood Film Executive With Fraud
The Securities and Exchange Commission filed fraud charges
against a Hollywood movie executive for stealing money from a
BlackRock fund.
Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds
Compliance teams at companies such as PayPal Holdings Inc. and
Western Union Co. have been closely monitoring early indicators of
fraudulent activities and incorporating them into their
investigation processes.
Facebook Rolls Out AI Tools to Help Small Businesses Sell Their Wares
The company this week introduced new artificial-intelligence
technology for two of its e-commerce platforms in an effort to make
it easier for customers to find and purchase products.
E-Commerce, Pizza Delivery Companies Post Surprising Pandemic Results: Earnings at a Glance
E-commerce company Alibaba Group Holding Ltd. and a
pizza-delivery business had higher revenue amid coronavirus
pandemic lockdowns, but they posted lower results on other
factors.
Nvidia's Immunity Boost Should Last
The chipmaker's data center revenue surged 80% from a year
earlier to cross the $1 billion mark for the first time. That
exceeded Wall Street's already high projections
Deere Lowers Outlook as Coronavirus Undercuts Demand
The farm-equipment maker said a yearslong slump in sales will
intensify as farmers further reduce spending amid weak demand for
their crops and livestock.
(END) Dow Jones Newswires
May 24, 2020 21:15 ET (01:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.