News Highlights: Top Company News of the Day
August 09 2020 - 11:30PM
Dow Jones News
U.S. Agency Sidelines Planned $765 Million Loan to Kodak Amid Probes
A federal agency has put a planned $765 million loan to Eastman
Kodak on hold after the deal came under congressional and
regulatory scrutiny.
Big Landlord in Talks to Put Amazon Warehouses in Malls
Simon Property Group has been in talks with Amazon to convert
some Sears and J.C. Penney stores into Amazon fulfillment
centers.
Tech, Financial Firms Eye Ways to Save TikTok's U.S. Operations From Ban
Several investment and technology firms are exploring a
potential deal for the U.S. operations of TikTok, which is facing a
Trump administration ban, but they each would have to surmount
hurdles at least as high as the Chinese social-media platform's
main suitor, Microsoft.
SpaceX Advances Goal of Becoming Long-Term Military Launch Provider
Elon Musk's SpaceX has vaulted into an elite tier of military
suppliers, winning a multibillion-dollar contract that makes it one
of the Pentagon's two primary satellite-launch providers through
most of the decade.
Twitter, TikTok Have Held Preliminary Talks About Possible Combination
Twitter has had preliminary talks about a potential combination
with TikTok, the popular video-sharing app that the Trump
administration has declared a national-security threat due to its
Chinese ownership, according to people familiar with the
matter.
Qualcomm Lobbies U.S. to Sell Chips for Huawei 5G Phones
Wading into the technology battle between Washington and
Beijing, the smartphone chip maker warns of potentially losing
billions of dollars in sales because of export limits.
Berkshire's Profit Jumps as Market Rebound Boosts Results
Warren Buffett's conglomerate said its second-quarter earnings
surged 86%, as a rebound in the stock market offset a profit
decline in the company's operations and a large write-down for
Precision Castparts.
Cosmetics Brands Face Revenue Drop as Department Stores Close
Cosmetics brands that stock sales counters at department stores
face a fresh wrinkle: fewer shops to sell their products as
retailers shrink their physical footprint.
Domesticity Is a Mixed Blessing for Household Brands
Sales at consumer-staples companies like Nestlé and Unilever
have benefited during lockdowns. But their out-of-home businesses
will be an eyesore from now on.
NAACP Wades Into Fight Over Purdue Pharma's Role in Opioid Crisis
The National Association for the Advancement of Colored People
is asking for a seat at the table in the Purdue Pharma's bankruptcy
case to make sure communities of color get a fair share of billions
of dollars in drug-crisis damages.
(END) Dow Jones Newswires
August 09, 2020 23:15 ET (03:15 GMT)
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