News Highlights: Top Company News of the Day
July 14 2020 - 3:15AM
Dow Jones News
Oat-Milk Company Draws Investment From Blackstone-Led Group Including Oprah
Swedish oat-milk maker Oatly has sold a $200 million stake to a
group led by private-equity giant Blackstone Group that includes
Oprah Winfrey, Natalie Portman, former Starbucks Chief Howard
Schultz and the entertainment company founded by Jay-Z.
SoftBank Explores Sale or IPO for Chip Designer Arm Holdings
The Japanese conglomerate, which bought Arm for $32 billion in
2016, is considering a full or partial sale of the British chip
designer, or an initial public offering.
Tesla Is Now Bigger Than Bank of America and American Express Combined
Tesla's shares are in the midst of a head-spinning rally that
has made the electric-car maker more valuable than many of the
titans of American industry.
Bridgewater Loses Claims It Brought Against Ex-Employees
The firm lost an arbitration dispute with two former investment
staffers who started their own hedge fund, a rare setback for
Bridgewater that could hamper its ability to limit ex-employees'
options after they leave.
Ford Reveals New Bronco After 24 Years Off the Market
Ford dealers have been asking the company for years to make a
rugged off-road vehicle to compete with Jeep's Wrangler. Finally,
they're getting one.
Billboard Charts to Stop Tallying Music Sold With T-Shirts, Tickets
The magazine said its music charts will no longer count albums
or singles sold in bundles with concert tickets, T-shirts or other
memorabilia, a move designed to make the rankings better reflect
fans' listening habits.
Disney Closing Hong Kong Property as Government Looks to Halt Virus
The entertainment company said it would again close the Hong
Kong Disneyland theme park, less than a month after it reopened,
amid an increase of new coronavirus cases in the city.
Jefferies Names Barclays Executive as New Finance Chief
The former CFO of Jefferies, Peg Broadbent, died from
complications related to Covid-19-the disease caused by the novel
coronavirus-in late March.
At PepsiCo, Quarantine Snacks Offset Drop in Soda Sales
PepsiCo posted flat revenue for the latest quarter as increased
demand for its snacks and packaged foods during the pandemic
largely offset a decline in beverage sales.
Two Former Unaoil Managers Convicted on U.K. Bribery Charges
Ziad Akle, a former Iraq territory manager for the Monaco-based
oil-services firm, was found guilty of two counts of conspiracy to
give corrupt payments, according to the U.K.'s Serious Fraud
Office. Stephen Whiteley, who also had worked as a Unaoil territory
manager for Iraq, was found guilty of one count of conspiracy to
give corrupt payments
(END) Dow Jones Newswires
July 14, 2020 03:00 ET (07:00 GMT)
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