Nikola Wins Order for 2,500 Electric Garbage Trucks

Nikola says it secured an order to make at least 2,500 electric garbage trucks for refuse giant Republic Services, fulfilling one of the electric-vehicle startup's three major business goals for the year.

 
Marriott Swings to Loss, Cites Demand Recovery From Covid-19 Lows

The hotel company says 91% of world-wide hotels have reopened, with Greater China leading the recovery.

 
Growth in Online Shopping and Used Cars Lifts Carvana, Attracts Competition

Carvana, an online-only seller of used vehicles, is generating new interest from both car buyers and Wall Street as its business benefits from the burst in internet shopping.

 
Tech, Financial Firms Look for 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 each would have to surmount hurdles at least as high as the Chinese platform's main suitor, Microsoft.

 
EPA to Rescind Methane Regulations for Oil and Gas

The Environmental Protection Agency is preparing to end requirements that oil and gas producers detect and fix greenhouse-gas emissions.

 
Riverstone's $1.8 Billion Fieldwood Energy Investment Put at Risk by Bankruptcy

Fieldwood Energy's second bankruptcy in two years threatens a nearly $2 billion bet by Riverstone Holdings in the offshore driller.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

August 10, 2020 09:15 ET (13:15 GMT)

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