News Highlights: Top Company News of the Day
July 08 2020 - 3:30AM
Dow Jones News
Deutsche Post Updates Outlook After Strong Earnings
Deutsche Post said it expects operating earnings of up to EUR3.8
billion for the year, after the logistics company reported a 16%
rise in second-quarter profit.
Traton Replaces its CEO
Traton has appointed a new Chief Executive, with incumbent
Andreas Renschler to stand down on July 15.
Civil-Rights Groups Express Disappointment With Facebook Meeting
Advocates came out of a meeting with Facebook CEO Mark
Zuckerberg saying they didn't make progress on their demands over
how the social-media giant polices the platform.
Another Former eBay Worker Is Accused of Cyberstalking
A retired police captain who oversaw security at eBay's European
and Asian offices has been charged in a cyberstalking campaign that
targeted a couple whom eBay executives viewed as critical of the
company.
U.S. Insurance Giant Allstate to Acquire National General
U.S. insurance giant Allstate Corp. will acquire National
General Holdings Corp. for about $4 billion in cash, expanding its
reach in the personal property liability business.
AMC Nears Financing Deal to Avert Near-Term Bankruptcy
The cinema chain is nearing a restructuring deal that would help
stave off a near-term bankruptcy filing while turning down a
competing financing offer from senior lenders including Apollo.
Home-Solar Companies Merge as Coronavirus Dims Growth
The two largest U.S. rooftop solar companies are merging as the
coronavirus pandemic casts a cloud over the market to install
panels on homes.
Lyft's Recovery Looks Overheated
Amid the pandemic, Lyft is a ride-hailing pure play trading like
it has Uber's diversification.
Cosco Strikes Blockchain Pact for Ocean Cargo With Alibaba, Ant
China's state-run container line Cosco Shipping Holdings Ltd.
will work with Alibaba and Ant, the e-commerce giant's financial
technology affiliate, on using blockchain technology to track goods
across seaborne supply chains.
The Coronavirus Redraws the Car Market's World Map
The global auto market is splitting three ways, complicating
efforts by the industry's main players to recover from their
deepest crisis in years.
(END) Dow Jones Newswires
July 08, 2020 03:15 ET (07:15 GMT)
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