News Highlights: Top Company News of the Day
March 30 2020 - 3:30AM
Dow Jones News
European Corporate Roundup: ABB, LVMH the Latest to Issue Warnings
ABB and LVMH are the latest companies to withdraw their 2020
guidance and warn of revenue shortfalls, as enforced restrictions
to fight the coronavirus pandemic continue to hit businesses
worldwide.
Gilead Revamps Emergency Request Process for Experimental Drug
Gilead Sciences will stop considering individual emergency
requests for its experimental coronavirus drug, except in certain
circumstances, as it grapples with overwhelming demand.
ZipRecruiter Downsizes as Employers Scale Back Hiring
Jobs site is cutting back roughly a third of its staff to trim
costs amid the coronavirus pandemic, according to people familiar
with the situation.
Customer Calls to Companies Rise Amid Coronavirus, but Operators Aren't Standing By
America's biggest companies are racing to overhaul
customer-service operations ill-equipped to have employees working
from home in a pandemic.
What the Coronavirus Means for Bacardi's Marketing Strategy
CEO Mahesh Madhavan also talks about the decline in drinking
among young people, and how that is affecting the company's
products.
Russia's Rosneft Plans to Sell All Assets Related to Venezuela
All of Rosneft's assets and trading operations in and related to
Venezuela will be sold, closed or liquidated, the company said.
Fox Business Parts Ways With Host Trish Regan
Fox Corp.'s business channel said it parted ways with host Trish
Regan, who was taken off the air two weeks ago after she dismissed
concerns over the coronavirus pandemic as "impeachment all over
again."
ViacomCBS Seeks to Raise $2.5 Billion in Debt Amid Stiff Coronavirus Headwinds
ViacomCBS announced a $2.5 billion bond offering, as the
struggling media company looks to shore up its balance sheet in the
midst of a difficult business environment
Microsoft Alters Policy on Facial-Recognition Investments
The company is ending its controversial investment in Israeli
startup AnyVision as it swears off minority stakes in suppliers of
facial-recognition technology.
Fed Discloses BlackRock's Fees for Bond-Purchasing Program
The firm has been hired to help in the effort to calm markets,
but the Fed aims to reduce the chance BlackRock will profit
unfairly from the contract.
(END) Dow Jones Newswires
March 30, 2020 03:15 ET (07:15 GMT)
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