News Highlights: Top Company News of the Day
Next Boeing 737 MAX Government Test Flight Scheduled for Coming Days
The next challenge for bringing Boeing Co.'s 737 MAX jets back
into service is slated to play out as early as this week, with
another government test flight assessing the safety of software
Companies Cancel Atlantic Coast Pipeline After Years of Delays
Duke Energy and Dominion Energy are pulling the plug on the
proposed $8 billion pipeline under the Appalachian Trail as
companies continue to meet environmental opposition to new fossil
fuel conduits in the U.S.
Tech Giants to Face EU Legal Push
Google, Amazon and Facebook face proposed European rules aimed
at curbing their alleged anticompetitive behavior, making them pay
more taxes and compelling them to shoulder more responsibility for
Luckin Coffee Probe Says Chairman Knew or Should Have Known of Fabricated Transactions
An investigation into the accounting misdeeds at Luckin Coffee
has concluded that the company's chairman knew-or should have
known-about the fabricated transactions that inflated the Chinese
coffee chain's sales last year, according to a person familiar with
U.K. Government, Bharti Global Commit $1 Billion to Buy Satellite Company OneWeb
The U.K. government and Bharti Global committed to pay $1
billion to acquire satellite company OneWeb and fund the restart of
Time for RV Investors to Hit the Road
With coronavirus cases and hospitalizations now surging in many
states, the recreational-vehicle industry may be running out of
Clothing Retailer Lucky Brand Files for Bankruptcy
Clothing retailer Lucky Brand Dungarees has filed for bankruptcy
with initial plans to close at least 13 stores and with a possible
deal to sell its private equity-backed business to the operator of
Aéropostale and Nautica brands.
Vale Is Financially Able to Resume Dividends But Is Watching Coronavirus: CFO
Brazilian mining giant Vale is financially ready to resume
divided payments after the Brumadinho dam disaster, but would watch
the spread of the coronavirus before making a decision, the chief
financial officer said.
Commerzbank's CEO and Chairman to Resign Amid Pressure From Activist Cerberus
The second-largest German lender is in the midst of a deep
overhaul but solid financial performance remains elusive.
Airlines' Latest Woe: Diverging Coronavirus Rates Across the Atlantic
Not being able to fly to Europe may be disappointing for
American vacationers. It is much worse for airlines.
(END) Dow Jones Newswires
July 05, 2020 21:00 ET (01:00 GMT)
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