News Highlights: Top Company News of the Day
Moderna's Covid-19 Vaccine Moves to Bigger Study
A new U.S.-funded trial would seek 30,000 subjects and could
deliver an answer by year-end about whether the vaccine induces
immune responses sufficient to protect people safely.
China Threatens to Sanction Lockheed Martin Over Taiwan Arms Deal
China said it plans to sanction Lockheed Martin over its role in
a $620 million U.S. arms package for Taiwan, Beijing's latest
retaliatory gesture amid growing pressure from Washington.
Auto Makers Grapple With Worker No-Shows as Covid-19 Cases Surge
General Motors and Ford are struggling to keep workers on the
job as coronavirus cases increase, forcing the companies to cut
shifts, hire new workers and transfer others to fill vacant
Vox Media Prepares to Lay Off Some Furloughed Employees
Vox Media, the publisher of New York magazine, the Verge and SB
Nation, is preparing for a round of layoffs as its financial
situation continues to suffer from the economic effects of the
Best Buy to Require Shoppers to Wear Masks Inside Stores
Best Buy will require customers to wear face coverings inside
all U.S. stores to protect against the new coronavirus, including
in places without mask mandates.
German Fitness Chain RSG Wins Gold's Gym Bankruptcy Auction
RSG Group, operator of Germany's McFit fitness clubs, has won an
auction to acquire Gold's Gym out of bankruptcy for $100
Boeing Reports More MAX Cancellations
Boeing culled another 183 jets from its order book in June and
delivered just 10 aircraft, highlighting the pandemic-driven
barriers to recovery for plane makers.
Richard Branson Secures Lifeline for Virgin Atlantic
The financial package, worth about $1.5 billion, will help the
airline stave off bankruptcy and provide some breathing room for
the British billionaire's broader effort to stabilize his travel
and tourism empire amid the pandemic.
U.K. to Ban Huawei From 5G Networks Amid China Tensions
The British government said it would bar telecom companies from
purchasing new equipment made by China's Huawei and gave them until
2027 to remove its technology from their 5G wireless networks, a
sharp about-face that marks a significant victory for the U.S.
'This Is Not a Normal Recession': Banks Ready for Wave of Coronavirus Defaults
The largest U.S. banks signaled that the worst of the
coronavirus recession is yet to come, opting to stow away tens of
billions of dollars to prepare for an expected wave of loan
(END) Dow Jones Newswires
July 14, 2020 21:15 ET (01:15 GMT)
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