News Highlights: Top Company News of the Day
Singapore Police Bring First Charges Linked to Wirecard
Singapore police brought their first criminal charges against an
individual linked to the suspected fraud at Wirecard AG, the
one-time German technology star that collapsed at the end of June
after admitting more than $2 billion of cash on its balance sheet
UPS Plans Hefty Holiday Fees for Large Shippers
United Parcel Service plans to impose hefty fees on big shippers
during the holiday season, reflecting the added complexity and cost
of an expected crush of online orders amid the coronavirus
Trump Executive Orders Target TikTok, WeChat Apps
President Trump issued a pair of executive orders imposing new
limits on Chinese social-media apps TikTok and WeChat, escalating
tensions with Beijing and effectively setting a 45-day deadline for
an American company to purchase TikTok's U.S. operations.
Goldman Sachs Restates Earnings After $3.9 Billion Malaysia Settlement
Goldman Sachs restated its second-quarter earnings lower after
reaching a $3.9 billion settlement with the government of Malaysia
to resolve an investigation into its work for a corrupt investment
Finally, a Path Emerges to European Bank Mergers
Intesa Sanpaolo's successful pursuit of Italian peer UBI shows
that local consolidation is possible, and barriers to cross-border
deals may be slipping too.
Gates Foundation Teams Up With Vaccine Maker to Produce $3 Covid-19 Shots
The Bill & Melinda Gates Foundation said it's backing the
world's largest vaccine maker, Serum Institute of India, to churn
out 100 million doses of coronavirus vaccine for poorer
Tencent Stock Drops After Firm Is Targeted by Trump Executive Order
Shares of Tencent Holdings plunged as much as 10%, hours after
President Trump signed an executive order that would bar U.S.
entities from transacting with the Chinese internet giant.
So, What Does Kodak Do These Days? A Decade of Pivots Before a Huge Federal Loan
Eastman Kodak Co., long a household name in photography, has
spent recent years trying to maneuver out of bankruptcy and into
new business areas. Its latest pivot brings it squarely into the
fight against the coronavirus.
Billionaire Daniel Loeb's Third Point Re to Merge With Sirius Group
Third Point Reinsurance, backed by U.S. hedge-fund manager
Daniel Loeb, said it would merge with Sirius International
Insurance Group, whose majority shareholder in China has been under
Second-Hand Luxury Still Shines at The RealReal
The coronavirus pandemic weighed on luxury consignment
marketplace The RealReal's profitability, but other numbers point
to a bright future ahead.
(END) Dow Jones Newswires
August 07, 2020 11:00 ET (15:00 GMT)
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