News Highlights: Top Company News of the Day
Apple Wins Major Victory in Battle With EU Over Tax
The bloc's second-highest court sided with the U.S. company over
a $14.8 billion tax bill that EU antitrust officials had said the
company owed to Ireland.
Google to Invest $4.48 Bln in India's Jio Platforms
Google's investment makes it the latest foreign company to take
a stake in the Indian telecommunications and technology giant,
which has raised billions of dollars this year.
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.
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.
ASML Confirms Outlook After Strong 2Q
ASML reported a sharp rise in second quarter sales and profit,
and maintained its growth outlook for 2020 relative to the start of
the year despite the coronavirus pandemic.
Tele2 Reinstates Extra Payout as Profit Tops Hopes
Tele2 posted an above-forecast net profit of SEK855 million for
the second quarter and said it planned to payout an extra dividend
to shareholders this year.
Burberry Sales Slide Continues
Burberry reported a 45% drop in comparable sales in the first
quarter of fiscal 2021, and forecast a 15-20% fall in the second
quarter, with demand still impacted by the coronavirus
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.
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.
(END) Dow Jones Newswires
July 15, 2020 07:15 ET (11:15 GMT)
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