News Highlights: Top Company News of the Day
August 12 2020 - 3:30PM
Dow Jones News
Potential College-Football Shutdown Jeopardizes Fox, ESPN Ad Bonanza
The TV networks stand to miss out on hundreds of hours of
Saturday sports programming and big chunks of advertising revenue
this fall if the bulk of college football's season doesn't happen
until next year.
Pandemic Continues to Hurt Restaurant Companies: Earnings at a Glance
Financial results in the restaurant industry showed the impact
of Covid-19 lockdowns.
As Trump Administration Seeks WeChat Restrictions, Tencent Profit Surges
The Chinese internet giant played down threats from potential
U.S. curbs on its flagship app, as higher spending through
Tencent's services and games drove better-than-expected profit and
revenue in the second quarter.
Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars
The Wall Street firm is among a small number of bidders for the
auto maker's credit-card business, which has about $3 billion in
outstanding balances, according to people familiar with the matter.
Barclays is also in the running.
Sumner Redstone Dies at 97; Media Mogul Who Said 'Content Is King'
Sumner Redstone, who turned his family's movie-theater company
into a global media empire spanning television, movies, radio and
books, and who famously proclaimed that "content is king," has
died.
NFL Executive and League's Highest-Ranking Woman Steps Down
NFL chief operating officer Maryann Turcke, the No. 2 at the
league offices, is stepping down from her position as part of a
broader shake-up inside the NFL's headquarters.
Off-Price Retailer Stein Mart Files for Bankruptcy
Stein Mart has filed for bankruptcy with plans to permanently
close all or most stores, becoming the latest distressed
department-store chain to succumb to the coronavirus pandemic.
Nautilus Is Too Pumped Up
The Covid fitness-equipment boom has caused the company's stock
to surge, but shareholders have reason to sweat.
Aerospace Suppliers Brace for Hard Landing
Companies that make parts for Boeing and Airbus jets, and
provide airlines with everything from engine spares to window
shades, are shrinking rapidly in the wake of the pandemic-driven
travel downturn.
Qualcomm Seeks 5G Riches After Bruising Antitrust Battle
Qualcomm's legal victory in a high-stakes battle with the U.S.
government raises the opportunity for the smartphone chip giant to
enjoy a period of relative calm and growth propelled by rising
appetite for new 5G handsets.
(END) Dow Jones Newswires
August 12, 2020 15:15 ET (19:15 GMT)
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