News Highlights: Top Company News of the Day
August 04 2020 - 3:30PM
Dow Jones News
Phil Schiller, Friend of Steve Jobs Who Helped Remake Apple, to Be 'Apple Fellow'
Phil Schiller, a close friend of Steve Jobs who helped remake
Apple, is stepping aside as the tech giant's head of marketing and
will become an "Apple Fellow."
Kodak Loan Disclosure and Stock Surge Under SEC Investigation
The Securities and Exchange Commission is investigating the
circumstances around Eastman Kodak's announcement of a $765 million
government loan to make drugs at its U.S. factories, according to
people familiar with the matter.
AIG Results Look Grim but Represent Progress
The finalized sale of a legacy reinsurance unit generated huge
accounting losses but is a necessary step in slimming and firming
AIG's core business.
Booking.com Plans to Lay Off Up to 25% of Workforce
Booking Holdings plans to cut up to a quarter of Booking.com's
global workforce, or roughly more than 4,000 people, and
restructure the company as the Covid-19 pandemic continues to
batter travel demand.
Brick-and-Mortar Shutdowns Hit Food Services, Retail: Earnings at a Glance
After the Covid-19 pandemic led to the shutdown of restaurants,
retail shops and movie theaters, companies related to those
industries reported lower results.
NBCUniversal Begins Layoffs, Cuts Expected to Be Kept Under 10%
NBCUniversal has begun making staff cuts across its
entertainment portfolio including its sports and cable channels,
broadcast networks, movie studio and theme parks, according to
people familiar with the matter.
Warner Music Posts Loss, Revenue Decline as Covid Drags on Businesses
A surge in music-streaming partly cushioned the effects of the
coronavirus pandemic on second-quarter results at Warner Music
Group Corp., which posted a net loss and decline in revenue for the
period.
Sony's Results Get Boost From Videogame Boom
Sony's sales and operating profit in the latest quarter were
roughly flat compared with a year earlier, despite red ink from
lower TV and stereo sales, as videogame players flocked to its
subscription service and downloaded more game updates.
Ford Names Jim Farley New CEO, Succeeding Jim Hackett
Ford Motor Chief Operating Officer Jim Farley will take over as
chief executive, succeeding Jim Hackett, who will retire after more
than three years of a turnaround effort that has yet to lift
profits.
Google's $2.1 Billion Fitbit Deal Faces Troubles in Europe, Australia
The tech giant's plan to buy health-tracker Fitbit faces months
of delays after the European Union's antitrust enforcer launched an
in-depth inquiry, echoing recent concerns raised by Australian
regulators.
(END) Dow Jones Newswires
August 04, 2020 15:15 ET (19:15 GMT)
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