News Highlights: Top Company News of the Day
Tesla Quarterly Deliveries Fell Less Than Expected Amid Covid Shutdown
Tesla's second-quarter deliveries fell 4.9% from a year earlier,
a smaller decline than Wall Street had forecast for the
electric-car maker, giving fuel to Elon Musk's growth plans despite
the threat of an extended recession.
Lemonade Is Priced for Sweet Outlook
The insurance-tech darling is set to begin trading on Thursday
in an initial public offering.
Cheap Online Live-TV Bundles Aren't So Cheap Anymore
Two major TV-over-internet bundles are raising prices this
summer, which means smaller savings for many Americans who scrap
their traditional pay-TV subscriptions for leaner, cheaper
Big Oil's Slippery Strategies for a Greener Future
However they tackle the energy transition, oil-and-gas
supermajors risk wasting shareholder capital on projects that don't
YouTube's Latest Margin Call
The price rises on YouTube's pay-TV service as Google's ad
business faces an unprecedented slowdown.
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
FraudScope Raises $7 Million to Tackle Health-Care Fraud
Venture capitalists are betting that startup FraudScope can help
health insurers combat fraudulent claims, which cost them billions
of dollars and are a growing concern because of the coronavirus
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.
(END) Dow Jones Newswires
July 02, 2020 09:00 ET (13:00 GMT)
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