News Highlights: Top Company News of the Day
August 10 2020 - 11:15AM
Dow Jones News
Disney Investors Could Look Goofy Soon
Investors rushing to ride Disney on the hope of pandemic
recovery could be in for a long and uncomfortable wait.
Target Hits on Winning Formula Amid Covid Pandemic
Surging e-commerce sales at Target during the coronavirus
pandemic should translate into a lasting advantage.
McDonald's Sues to Recover Severance From Fired CEO
McDonald's said it is suing former Chief Executive Steve
Easterbrook and seeking to recoup tens of millions it paid him in
severance and benefits, alleging that he lied to the board about
sexual relationships with employees before his ouster last
fall.
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.
One-Third of U.K. Companies Cut Guidance
U.K.-quoted companies issued 165 profit warnings in the second
quarter of the year, almost 100 more than the same time a year
prior and coming on top of record-breaking earnings downgrades in
the first quarter.
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.
(END) Dow Jones Newswires
August 10, 2020 11:00 ET (15:00 GMT)
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