Rolls-Royce Plans Rights, Raises New Debt

Rolls-Royce said it planned a discounted GBP2 billion rights issue and looked to secure fresh debt as part of a recapitalization package to bolster its balance sheet.

 
Bayer to Cut More Costs as Farm Business Hurts

The German chemicals and pharmaceuticals company said the coronavirus pandemic would hit its crop-science business harder than anticipated as prices for various crops fell and consumption of biofuel decreased.

 
Oil Giant Total Pledges Renewable Power Push

Total SA pledged to ramp up its spending on renewable energy and reduce its dependence on petroleum, the latest move by a major oil company toward cleaner power.

 
American Airlines, United to Cut 32,000 Jobs as Washington Debates Relief

The airlines will go forward for now with a total of more than 32,000 job cuts after lawmakers were unable to agree on a broad coronavirus-relief package, the airlines told employees.

 
FAA Chief Gives Thumbs-Up to 737 MAX Fixes

Boeing got a tentative personal endorsement for fixes to its beleaguered aircraft from the head of the Federal Aviation Administration after he personally took one of the jets on a test flight.

 
Judge Extends Shield Protecting Purdue's Sacklers From Lawsuits

A bankruptcy judge has extended until next year a shield that protects Purdue's owners from litigation, saying the buffer is needed to facilitate negotiations with states on a settlement over the opioid crisis.

 
Brett Icahn Poised to Rejoin His Father's Firm

Carl Icahn will remain in charge of Icahn Enterprises for now, but the company will adopt a plan for his son Brett to succeed him as chairman and chief executive of its investment segment within seven years.

 
Allstate to Lay Off 3,800 Employees

One of the U.S.'s largest insurers said it plans to lay off about 8% of its approximately 46,000 workers.

 
NextEra, Renewable-Energy Giant, Seeks Greater Scale With a Duke Takeover

NextEra Energy's pursuit of Duke Energy could result in a merger of utility giants that would speed the renewable-energy transition in the South and Midwest.

 
Justice Department Opens Ventilator Antitrust Probe Focused on Medtronic

Investigators are reviewing whether the device maker's acquisitions limited competition in ventilator manufacturing, according to people familiar with the matter, following complaints about machine shortages during the pandemic.

(END) Dow Jones Newswires

October 01, 2020 03:15 ET (07:15 GMT)

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