News Highlights: Top Company News of the Day
September 29 2020 - 11:15PM
Dow Jones News
Boeing to Move All 787 Dreamliner Production to South Carolina
Boeing will set plans this week to consolidate 787 Dreamliner
assembly in South Carolina, people familiar with the matter said,
ending production of that jetliner in Washington state.
Disney to Lay Off 28,000 Employees as Disneyland's Reopening Unclear
Walt Disney said it would lay off about 28,000 employees at its
domestic theme parks, citing continuing restrictions due to the
Covid-19 pandemic, particularly its inability to reopen Disneyland
in Southern California.
NextEra Energy Made Takeover Approach to Duke Energy
NextEra Energy recently made a takeover approach to Duke Energy,
according to people familiar with the matter, testing the waters
for what would be a $60 billion-plus combination of two southern
utilities.
Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala
Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is
making an investment in Silver Lake and contributing $2 billion to
help the technology-focused private-equity firm launch a new
long-term strategy, according to people familiar with the
matter.
Regeneron Drug Helps Treat Covid-19 in Early Stage
The drugmaker said a preliminary analysis of clinical-trial data
showed reduced virus levels in nonhospitalized Covid-19
patients.
Twitter Partner's Alerts Highlight Divide Over Surveillance
Dataminr sells a service to police that monitors Twitter's full
feed and sends alerts including tweets about protests-putting the
pair at odds with privacy advocates.
Bankruptcy Judge Approves Sale of Remington Businesses
Remington Outdoor won court approval of a series of sales that
will bring in more than $156 million to its coffers in bankruptcy
court amid concerns that the deals will endanger what could be more
than $100 million of insurance that could compensate gun
victims.
Costco CFO Juggles Managing Inventory For Products in High, Low Demand
The retailer in recent months struggled to keep its shelves
filled with wipes, baking yeast and laptops.
Kroll Agrees to Pay $2 Million to Settle Allegations It Broke Credit-Ratings Rules
The deal marks the SEC's second such settlement in less than
five months.
Volkswagen Tries to Change Workplace Culture That Fueled Emissions Scandal
Volkswagen is betting that a reformed compliance culture and an
expanded whistleblower program that helped the German car maker
clear a critical U.S. regulatory milestone this month will also
help prevent another scandal and go a long way in restoring its
reputation.
(END) Dow Jones Newswires
September 29, 2020 23:00 ET (03:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.