News Highlights: Top Company News of the Day
SoftBank Seeks to End Partnership With Wirecard
SoftBank is looking to distance itself from Wirecard, after the
Japanese tech conglomerate helped arrange an investment months
before the German payments company went bust.
Novartis Finalizes Settlement of Speaker Program Litigation in U.S.
As part of the settlement, Novartis said, it "agreed to new
corporate integrity obligations with the Office of Inspector
General of the U.S. Department of Health & Human Services that
will change how the company delivers peer-to-peer programs in the
AB Foods Reassures on Primark Trading
Associated British Foods said it was encouraged by trading in
its reopened Primark stores but warned that profits for the fashion
brand will fall to around GBP350 million at best in 2020.
DS Smith Won't Resume Dividend Despite Profit Rise
Packaging group DS Smith posted a 5% rise in 2020 profit and
said it only expects a short-term hit from coronavirus, but decided
not to resume dividends due to market uncertainty.
Apple to Shut Dozens of Stores as Coronavirus Flares
The company had been reopening locations but is now temporarily
closing dozens of stores in Texas, California and other states.
Major Tech Company CEOs to Testify Before Congress
Top executives of Amazon, Apple, Facebook and Google will appear
before the House Judiciary Committee later this month.
McDonald's Halts Reopening Plans as U.S. Coronavirus Cases Grow
McDonald's is pausing the reopening of dine-in service in the
U.S. as coronavirus cases continue to spread across states.
Pizza Hut and Wendy's Franchisee NPC Files for Bankruptcy
The nation's largest Pizza Hut and Wendy's franchisee, filed for
bankruptcy and will put its burger restaurants up for sale after
failing to reach a deal with Pizza Hut parent Yum Brands.
FAA's Handling of Boeing 737 MAX Issues Faulted in Review
Safety fixes after the first Boeing 737 MAX crash became snarled
in Federal Aviation Administration delays and repetitive analyses,
wasting any chance U.S. regulators had to prevent the second fatal
accident, according to an investigation by the Transportation
Department's internal watchdog.
Coronavirus Vaccine Candidate From Pfizer, BioNTech Produces Positive Results
Researchers said an experimental coronavirus vaccine from Pfizer
and partner BioNTech showed promising signs of working in an
(END) Dow Jones Newswires
July 02, 2020 05:00 ET (09:00 GMT)
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