News Highlights: Top Company News of the Day
May 29 2020 - 9:15AM
Dow Jones News
Renault to Cut Over 14,000 Jobs, Slash Production Amid Autos Slump
Renault is planning to slash production capacity by a fifth and
cut more than 14,000 jobs around the world, as the French auto
giant grapples with a prolonged slump in the global car market.
Twitter Flags Trump Tweet About Minneapolis Protests for 'Glorifying Violence'
Twitter placed a notice on a tweet from President Trump,
shielding it from view for breaking what the company said are its
rules about glorifying violence.
Volkswagen Pours More Than $2 Billion Into China's Electric-Car Industry
Volkswagen is raising its share in a Chinese electric-vehicle
joint venture and buying 26% stake in a local battery producer.
China's Didi Raises More Than $500 Million for Self-Driving Tech
Chinese ride-hailing giant Didi Chuxing Technology raised more
than $500 million in a funding round led by SoftBank Group for its
autonomous driving subsidiary, as it competes with well-backed U.S.
startups over self-driving technology.
Comcast, Charter and ViacomCBS Join Forces to Make TV Commercials More Targeted
Three of the nation's largest pay-TV companies are taking joint
ownership of a platform designed to make it easier for brands to
harness data to serve targeted ads to people watching cable TV, a
move that comes as cost-pressured ad buyers are increasingly
turning to targeted advertising.
Streamers Need to Get On the Same Wavelength
HBO Max's dispute with Roku and Amazon risks sowing confusing in
an already crowded streaming marketplace.
Peet's Coffee Raises $2.5 Billion From IPO, Defying Pandemic
The investment firm behind Peet's Coffee, Krispy Kreme and
Keurig Dr Pepper said it priced the initial public offering of its
coffee business at the upper part of its targeted price range,
valuing it at $17.3 billion in one of the world's biggest IPOs so
far this year.
Cook-It-Yourself? Restaurants See Future for Meal Kits Post-Pandemic
Their dining rooms closed, restaurants eke out sales from
branded DIY meal kits.
China's Travel Giant Is Still Experiencing Turbulence
Trip.com reported a steep drop in first-quarter earnings. And
that isn't even the bad news:
Costco's Sales Cool as Coronavirus Stockpiling Slows
Costco reported higher sales for its latest quarter, but its
growth wasn't as fast as some competitors that were also able to
stay open during the pandemic.
(END) Dow Jones Newswires
May 29, 2020 09:00 ET (13:00 GMT)
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