News Highlights: Top Company News of the Day
May 28 2020 - 5:30PM
Dow Jones News
Trump Signs Order Targeting Social Media
The executive order seeks to limit the broad legal protection
that federal law provides to social media and other online
platforms.
UAW Staffer Sues Union Alleging Sexual Harassment, Retaliation
A woman on staff at the United Auto Workers filed a lawsuit
claiming she was sexually harassed by higher-ranking UAW officials
and that the union failed to take corrective action when she
complained of the alleged incidents.
UPS Adds Peak Surcharge as Virus Drives Rise in E-Commerce
The carrier is imposing fees on companies that have inundated
its network with packages and oversize items during the pandemic,
an unprecedented move aimed at managing a summer flood of shipments
and higher costs.
Justice Department Blocks Marijuana Workers From Bankruptcy Protection
The Justice Department is preventing struggling cannabis
businesses and their workers from accessing bankruptcy to weather
the downturn, even in states that determine medical marijuana is
essential during the pandemic.
Investors Get More Bang for Their Buck at This Dollar Store
Coronavirus stockpiling wasn't enough to pull Dollar Tree's
sales growth up to Dollar General's, but it was enough to pick up
its downtrodden share prices.
Nissan Loses $6.2 Billion as It Prepares to Slim Down
Nissan recorded a $6.2 billion loss in the year ended in March
after it took big write-downs as part of a restructuring plan that
aims to make the car maker leaner and more profitable.
Jonathan Karp Named CEO of Simon & Schuster
Jonathan Karp has been named president and chief executive
officer of book publisher Simon & Schuster, succeeding Carolyn
Reidy, who died of a heart attack earlier this month.
News Corp to Stop Printing 100 Australian Newspapers
News Corp said it would stop printing more than 100 Australian
newspapers, closing 36 outright and moving the rest solely to the
Internet, in its latest response to media shifts accelerated by the
coronavirus pandemic.
Amazon to Keep Most of the Jobs It Added During Pandemic
Amazon plans to keep most of the U.S. jobs it added to meet
demand in March and April as housebound Americans turned to online
deliveries.
Sanderson Warns Coronavirus to Weigh on Poultry Production
The chicken processor says the pandemic is expected to increase
expenses and weigh on production volumes for the rest of its fiscal
year, another sign of how the coronavirus has disrupted meat
production.
(END) Dow Jones Newswires
May 28, 2020 17:15 ET (21:15 GMT)
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