News Highlights: Top Company News of the Day
Cinema Chain AMC Inks Financing Deal to Help It Survive Pandemic
AMC Entertainment has reached a deal with investors who will
pump $300 million of new money into the company, as the nation's
largest theater chain looks to fill seats with moviegoers still
wary of coronavirus pandemic.
U.S. National Security Panel Reviewing Chinese Investors' Purchase of Pharma Firm
The inquiry focuses on the 2017 acquisition of South
Carolina-based Ritedose after national-security officials learned
it was in talks with the Pentagon over a project involving
injection devices for a coronavirus vaccine.
Amazon Says Email Ordering Employees to Delete TikTok Was Sent in Error
Amazon.com sent employees an email Friday morning mandating they
remove the TikTok app from company mobile devices-but a spokesman
later said that order had been sent in error.
Carnival to Shed 13 Ships
Cruise operator Carnival expects to reduce its fleet by 13
ships, or nearly 9% of its capacity, as the company continues to
burn cash amid sailing suspensions caused by the coronavirus
Apex Linen, Unraveled by Covid-19, Files for Bankruptcy
The private-equity-backed provider of dry cleaning and laundry
services to Las Vegas hotels and casinos has filed for bankruptcy,
blaming the havoc that the coronavirus pandemic has created in the
American Airlines Has Threatened to Cancel Some Boeing 737 MAX Orders
American has threatened to cancel some of its orders for
Boeing's troubled 737 MAX jets, people familiar with the matter
said, a sign of deepening financial stress in aviation.
SoFi Makes Second Attempt to Start Its Own Bank
The financial-tech startup filed an application with regulators
this week to create SoFi Bank, a Utah-based bank of which it would
be the sole owner. The effort comes nearly three years after SoFi
abandoned a similar attempt.
Rivian Raises $2.5 Billion as Investors Chase Electric-Car Buzz
Rivian Automotive, the electric pickup-truck startup backed by
Ford Motor, Amazon and other investors, has secured another $2.5
billion in private funding, providing it with cash to release new
vehicles next year.
Spotify, Tinder, Other Apps Suffer Outages Due to Facebook Glitch
A number of popular apps such as Spotify and Tinder experienced
outages because of a bug in Facebook's software for iPhone
European Companies Took $100 Bln Revenue Hit During Coronavirus Pandemic
Energy, automotive and fashion companies reported significant
revenue declines for early 2020
(END) Dow Jones Newswires
July 10, 2020 19:00 ET (23:00 GMT)
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