News Highlights: Top Company News of the Day
Airbnb Plans to File Confidentially for IPO in August
Airbnb plans to file IPO paperwork with the Securities and
Exchange Commission later this month, laying the groundwork for a
potential listing before the end of the year, according to people
familiar with the matter.
Court Throws Out Antitrust Ruling Against Qualcomm
A federal appeals court threw out a trial judge's antitrust
judgment against Qualcomm, ruling the federal government hadn't
shown the chip maker engaged in illegal monopolization.
Meal Kits, Mattresses In Demand Amid Pandemic: Earnings at a Glance
As Covid-19 restrictions kept more people at home, companies
that make household items from meal kits to mattresses reported
improved financial results.
Facebook Removed Nearly 40% More Terrorist Content in Second Quarter
The social-media giant said the increase was driven by
improvements in its detection efforts.
GM Financial Chief Steps Down in Surprise Departure
General Motors Chief Financial Officer Dhivya Suryadevara will
leave the auto maker for online commerce firm Stripe, a surprising
departure for one of the auto maker's fastest-rising stars.
Kodak Insider Makes Well-Timed Stock Gift of $116 Million to Religious Charity He Started
Board member George Karfunkel's donation, made the same day
Kodak's stock peaked, will benefit a Jewish charity he started two
SoftBank Starts Comeback With $12 Billion Profit, Helped by Sprint Sale
The technology investor recorded a profit of nearly $12 billion
in the April-June quarter as gains from disposing former unit
Sprint helped it bounce back from its worst year ever.
Qualcomm's 5G Call Is Finally Connecting
Qualcomm has been loudly touting 5G to anyone who would listen
for the last few years. Now more than a few have perked up their
Meal-Kit Winner Can Deliver an Extra Serving
Perfect conditions for meal-kit companies won't last forever.
But with Covid-19 infections spiking again in key markets and fewer
people going on summer vacation, HelloFresh's winning streak can
continue for a while longer.
Rocketship.vc Raises $100 Million Fund for Data Focus
Rocketship.vc has raised $100 million for a new fund to invest
from the U.S. in startups globally, using data rather than personal
connections to find startups and make deals.
(END) Dow Jones Newswires
August 11, 2020 13:15 ET (17:15 GMT)
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