News Highlights: Top Company News of the Day
June 05 2020 - 03:30AM
Dow Jones News
AstraZeneca Signs More Coronavirus Vaccine Supply Deals
AstraZeneca PLC said it signed new agreements aimed at
broadening global distribution of a coronavirus vaccine being
developed by Oxford University researchers, after the drugmaker
signed supply deals that reserved initial doses for the U.K. and
the U.S.
Hugo Boss Confirms Talks With CEO Successor
Hugo Boss said it's in talks with former Tommy Hilfiger and PVH
Europe boss Daniel Grieder to become the German fashion group's
chief executive.
Elon Musk Calls for Amazon Breakup in Latest Spat With Jeff Bezos
Elon Musk blasted Amazon.com and its founder Jeff Bezos, after
the online retail giant rejected a book about the coronavirus
pandemic, a clash that highlights the power some big tech companies
wield over speech.
Mall Landlord Simon Property Suing Retailer Gap Over Missed Rent
Simon Property Group, the country's largest mall owner, filed a
lawsuit against Gap Inc., one of its largest U.S. store tenants,
seeking unpaid rents and charges it says amount to $66 million.
Abu Dhabi's Mubadala to Invest $1.2 Billion in Jio Platforms
Abu Dhabi-based Mubadala Investment Co. has agreed to invest
$1.21 billion in Jio Platforms Ltd., joining the list that includes
Facebook Inc. and other foreign firms eager to buy a stake in the
Indian telecommunications and technology giant.
NetEase and JD.com Move Toward Hong Kong Listings
Two of China's most valuable U.S.-listed companies progressed
toward listings in Hong Kong, with online-gaming group NetEase
setting a price for its stock sale and e-commerce giant JD.com
filing a preliminary prospectus.
Slack Posts Higher Revenue on Work-From-Home Drive
Slack Technologies posted higher revenue in the latest quarter,
driven by coronavirus-led work-from-home orders as losses widened
due to higher expenses.
Pilgrim's Pride CEO Pleads Not Guilty in Poultry Price-Fixing Case
The chief executive of Pilgrim's Pride pleaded not guilty to
federal charges that he conspired to fix chicken prices, while a
judge barred him from contacting poultry buyers allegedly
victimized by the scheme.
Las Vegas Casinos Reopen With Social Distancing, Sinks Next to Slot Machines
After shutting down in mid-March in response to the novel
coronavirus outbreak, Las Vegas casinos are now trying to bring
tourists back together while keeping them apart, selling pleasure
during a pandemic and widespread civil unrest.
PG&E Faces Renewed Challenge Over Bankruptcy Votes From Wildfire Victims
Demands for an examiner to probe the voting process are before
U.S. Bankruptcy Judge Dennis Montali, who must rule on PG&E's
chapter 11 plan.
(END) Dow Jones Newswires
June 05, 2020 03:15 ET (07:15 GMT)
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