News Highlights: Top Company News of the Day
June 05 2020 - 11:15AM
Dow Jones News
Slack's Tough Act to Follow
Zoom set a high bar for other tech companies benefiting from the
pandemic's work-from-home surge.
Why Google and Apple Stores Had a Covid-19 App With Ads
The technology giants have become de facto regulators of the
coronavirus app market: "The rules for this keep changing depending
on the day."
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.
Walmart Wants to Turn Rags Into Riches
Americans are so hot for used clothing that they'll even buy it
during a pandemic. At least that is what Walmart is betting.
Lufthansa, Other Firms Burnt by Pandemic to Exit Blue-Chip Indexes
Several companies badly hit by the pandemic are set to be
ejected from blue-chip stock indexes in Europe, a demotion that
will prompt funds managing billions of dollars of investments to
sell their shares.
Victoria's Secret's U.K. Arm Files for Creditor Protection
The British unit of Victoria's Secret owner L Brands filed for
protection from creditors as it grapples with disruption wreaked by
the coronavirus pandemic.
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.
Musk Calls for Amazon Breakup in Spat With 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.
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.
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.
(END) Dow Jones Newswires
June 05, 2020 11:00 ET (15:00 GMT)
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