News Highlights: Top Company News of the Day
May 27 2020 - 3:15PM
Dow Jones News
Covid-19 Pandemic Hits Nursing-Home Finances
Genesis Healthcare, the biggest U.S. nursing-home company, said
a sharp drop in occupancy and rising expenses are putting the
industry on edge even as federal aid starts flowing.
HBO Max Leaves AT&T at Odds With Amazon and Roku
HBO Max, AT&T's newly launched streaming service, isn't
available on Amazon.com's platforms as both companies remain at
loggerheads over where the content will reside and who will have
access to user data.
Investors Buy Ralph Lauren's Timeless Pitch
Ralph Lauren's focus on e-commerce and direct-to-consumer sales
blunted coronavirus impacts in China, cushioning share prices as
the company braces for a worse quarter.
Disney World to Reopen Gradually Starting July 11
Walt Disney Co. said it plans to begin reopening Disney World at
reduced capacity in mid-July, with the Orlando, Fla., theme park's
Magic Kingdom and Animal Kingdom areas opening their doors on July
11 and Epcot and Disney Hollywood Studios following on July 15.
Twitter Loves Your Rage Against Its Machine
Social-media companies such as Twitter seem to feed off the very
contempt they breed in their users.
Rental-Car Company Advantage Files for Bankruptcy
The parent company of Advantage Rent a Car filed for bankruptcy
protection, the second big car-rental company to seek protection
from creditors in less than a week as travel restrictions from the
coronavirus pandemic continue to ripple through the economy.
GE Sells Lightbulb Business for About $250 Million
General Electric is getting out of the business of making
lightbulbs, selling a unit that defined the company for nearly a
century and was its last direct link to consumers.
Sanofi to Sell Regeneron Shares Worth $11.1 Billion to Fund Overhaul
The French health care giant is to offload most of its long-held
stake in Regeneron Pharmaceuticals, giving the company a war chest
to help reshape its drug pipeline as it doubles down on
rare-disease and cancer medicines.
Nissan, Renault to Divide Up World Markets in Cost-Cutting Push
The Renault-Nissan alliance said they would divide up their
global car business, aiming to cut duplicate spending in order to
save billions of dollars a year.
Boeing Details Plans for Mass Job Cuts
Boeing plans to shed more than 13,000 employees, including the
first round of compulsory cuts as part of previously announced
plans triggered by the coronavirus-driven collapse in global air
travel.
(END) Dow Jones Newswires
May 27, 2020 15:00 ET (19:00 GMT)
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