News Highlights: Top Company News of the Day
SoftBank Explores Sale or IPO for Chip Designer Arm Holdings
The Japanese conglomerate, which bought Arm for $32 billion in
2016, is considering a full or partial sale of the British chip
designer, or an initial public offering.
Ford Reveals New Bronco After 24 Years Off the Market
Ford dealers have been asking the company for years to make a
rugged off-road vehicle to compete with Jeep's Wrangler. Finally,
they're getting one.
Tesla Is Now Bigger Than Bank of America and American Express Combined
Tesla's shares are in the midst of a head-spinning rally that
has made the electric-car maker more valuable than many of the
titans of American industry.
Bridgewater Loses Claims It Brought Against Ex-Employees
The firm lost an arbitration dispute with two former investment
staffers who started their own hedge fund, a rare setback for
Bridgewater that could hamper its ability to limit ex-employees'
options after they leave.
Billboard Charts to Stop Tallying Music Sold With T-Shirts, Tickets
The magazine said its music charts will no longer count albums
or singles sold in bundles with concert tickets, T-shirts or other
memorabilia, a move designed to make the rankings better reflect
fans' listening habits.
Disney Closing Hong Kong Property as Government Looks to Halt Virus
The entertainment company said it would again close the Hong
Kong Disneyland theme park, less than a month after it reopened,
amid an increase of new coronavirus cases in the city.
Russia's Norilsk Nickel Involved in New Arctic Fuel Spill
Authorities in Russia's Arctic region declared a local state of
emergency following the leak of aviation fuel into nearby
reservoirs just weeks after a catastrophic diesel spill in the same
Jefferies Names Barclays Executive as New Finance Chief
The former CFO of Jefferies, Peg Broadbent, died from
complications related to Covid-19-the disease caused by the novel
coronavirus-in late March.
Sirius to Buy Scripps Podcast Unit for at Least $265 Million
The satellite-radio giant said the addition of Stitcher would
enable it to reach more than 150 million listeners.
London Banks Urged to Pay Reparations for Links to Slavery
The Black Lives Matter movement is reinvigorating a yearslong
campaign to push some of London's oldest financial institutions to
pay reparations to the descendants of slaves.
(END) Dow Jones Newswires
July 13, 2020 21:00 ET (01:00 GMT)
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