News Highlights: Top Company News of the Day
Lawmakers Seek Records on Planned Kodak Loan
Democrat-led congressional committees are seeking records from
Eastman Kodak Co. and the government office that announced a
potential $765 million loan to the onetime photo giant, the latest
sign of scrutiny on the company and its part in a U.S. plan to
restore some domestic pharmaceutical manufacturing.
Samsung Unveils Flagship Galaxy Note 20 With $1,000 Price Tag
Samsung's newest flagship devices come with 5G, bigger screens,
faster processing power-and a lower price point to buy in.
Discovery Revenue Falls as Covid-19 Pandemic Hits Ad Revenue
Revenue at the parent company of networks including HGTV, Food
Network and TLC fell about 12% to $2.54 billion in the quarter
ended June 30.
Tinder Owner Match Group Lights Up the Pandemic
Match's second-quarter results weren't love at first sight for
investors, but they deserved a good second look.
CVS Says Covid-19 Test Delays Are Abating
CVS Health raised its earnings expectations for the year and
said delays getting Covid-19 test results to customers are abating
after backlogs led to extended wait-times.
Large Miners Agree on Dam Standards After Deadly Burst
The world's largest miners have published global standards for
building and managing mine-waste dams, including guidelines aimed
at making the safety auditing of these giant structures more
Commerzbank Takes Hit on Wirecard Loan
Commerzbank, Germany's second-largest lender, took a big
financial hit from its exposure to fintech firm Wirecard.
New York Times Posts Lower Profit, Revenue on Ad Declines
Print advertising fell 55% in the quarter, but the Times said it
added 669,000 net new digital subscriptions in the second quarter,
its biggest-ever single-quarter increase.
Quicken Loans Parent Prepares for a Big IPO
A red-hot mortgage market could propel the country's top
mortgage lender to one of the biggest public offerings this
SEC Probing Kodak Loan Disclosure, Stock Surge
The Securities and Exchange Commission is investigating the
circumstances around Eastman Kodak's announcement of a $765 million
government loan to make drugs at its U.S. factories, according to
people familiar with the matter.
(END) Dow Jones Newswires
August 05, 2020 11:15 ET (15:15 GMT)
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