News Highlights: Top Company News of the Day
American Airlines Plans to Furlough Up to 25,000 Workers This Fall
The airline told tens of thousands of employees that their jobs
are at risk after federal aid expires Oct. 1, as air-travel demand
falls again amid climbing coronavirus infections.
Virgin Galactic Names Disney International Parks Head as Next CEO
Virgin Galactic, Richard Branson's space-tourism venture, has
tapped Michael Colglazier of Disney as its next chief executive as
the company prepares for commercial services.
Widespread Twitter Hack Reaches Bill Gates, Kanye West, Elon Musk, Joe Biden and Barack Obama
Also apparently hacked was Apple. It was latest in a series of
security failures on the social-media platform.
Care.com to Pay $1 Million to Settle Allegations Over Misrepresented Background Checks
The nation's largest online marketplace for babysitters and
other caregivers, will pay $1 million in civil penalties and
restitution to settle accusations over misrepresented background
checks and auto-renewed subscriptions without getting consumers'
Hudson's Bay CFO Set to Depart
Hudson's Bay Co.'s chief financial officer is set to leave the
business following a deal to take the company private and the
departure of its chief executive.
Fiat Chrysler to Be Renamed Stellantis After Merger With PSA
Partners in the $50 billion deal said the name of the
auto-making combination has its roots in the Latin word "stello,"
meaning "to brighten with stars."
Bank of New York Mellon's Lower Interest-Revenue Forecast Pushes Down Shares
Bank of New York Mellon reported a drop in net interest revenue
in the second quarter and warned that the trend may continue,
sending its shares lower.
Western Newsrooms Weigh Alternatives to Hong Kong as Beijing Tightens Grip
For decades, Hong Kong's press freedoms have made it a hub for
Western media organizations covering Asia. Beijing's new
national-security law is causing many newsrooms to rethink the
city's status as a haven for journalists.
Goldman's Traders, Bankers Keep Profit Steady While Rivals Falter
The bank's quarterly profit held steady from a year ago, bucking
larger commercial banks that saw earnings plummet as the
coronavirus tore through the U.S. economy. Trading revenue nearly
Cirque du Soleil Positions Lenders to Take Control From TPG
The bankrupt circus company is preparing to reject a buyout
offer from shareholders in favor of a competing proposal from
lenders that have offered to supply $375 million in new loans while
taking control of the business.
(END) Dow Jones Newswires
July 15, 2020 19:00 ET (23:00 GMT)
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