News Highlights: Top Company News of the Day
Deutsche Bank Fined $150 Million Over Epstein Links, Other Lapses
New York's financial-services regulator fined Deutsche Bank $150
million for failing to properly monitor its dealings with late
financier and convicted sex offender Jeffrey Epstein.
Covid-19 Resurgence Threatens Travel Rebound
A surge in U.S. coronavirus cases and new government
restrictions are keeping travelers from flying, according to data
United Airlines shared with employees as it told them to prepare
for potential furloughs.
TikTok to Exit Hong Kong After China's New National-Security Law
The Chinese maker of TikTok, the popular short-video platform,
said it would pull its app out of Hong Kong amid concerns about a
new national-security law, its second market exit in as many
U.S. Solar-Energy Company Sunrun to Buy Rival Vivint
Sunrun, which overtook Tesla to become the U.S.'s top installer
of residential-solar systems, agreed to buy Blackstone-backed
Vivint in all-stock deal valued at about $3.2 billion including
Airlines Aren't OPEC: Don't Count on Supply Discipline
Early trends suggest that airlines might be quite aggressive in
bringing back their schedules, which would be a threat to profit
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data
Google, Facebook and Twitter are among tech companies that have
suspended processing requests for user data from Hong Kong
law-enforcement agencies following China's imposition of a
national-security law on the city.
Chinese Developer Fails to Repay Bondholders
Shenzhen-listed Tahoe Group said it was hit by a property
downturn worsened by the coronavirus and didn't repay yuan bonds
worth about $214 million.
Investment Firms and Real-Estate Developers Took Stimulus Loans Too
The former U.S. operations of a sanctioned Russian bank, a hedge
fund partly owned by one of the biggest private-equity firms in the
world and a real-estate developer behind two of Manhattan's most
expensive condominium towers were among the firms that benefited
Eni to Book EUR3.5B in Writedowns
Italy's Eni expects to book EUR3.5 billion in impairment charges
after the energy giant lowered its outlook for oil and gas
Palantir, One of Silicon Valley's Oldest Startups, Files to Go Public
Palantir Technologies said it has confidentially filed paperwork
with the Securities and Exchange Commission to go public, ending an
extended wait that made the data analytics company one of Silicon
Valley's oldest private startups.
(END) Dow Jones Newswires
July 07, 2020 11:00 ET (15:00 GMT)
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