News Highlights: Top Company News of the Day
October 01 2020 - 7:30AM
Dow Jones News
Google Pledges $1 Billion in Licensing Payments to News Publishers
The Alphabet unit plans to make the payments over the next three
years as it develops a product, Google News Showcase, which will be
launched in Germany and Brazil.
Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity
A pair of insurance companies made a bid for American Equity
Investment Life Holding last month, in a bet that the small Iowa
insurer's retirement-income products will continue to be popular
with conservative savers.
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.
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.
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.
Secretive High-Speed Trading Firm Hits Jackpot With TikTok
Susquehanna International Group is sitting on a stake in the
app's owner, Beijing-based ByteDance, that could be worth more than
$15 billion.
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.
(END) Dow Jones Newswires
October 01, 2020 07:15 ET (11:15 GMT)
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