News Highlights: Top Company News of the Day
August 11 2020 - 7:30PM
Dow Jones News
Kodak Chief Says Company Supports Federal Decision to Halt Loan
CEO Jim Continenza said Kodak supports a federal agency's
decision to halt a potential loan to the company, adding that the
preliminary deal with the government requires more work.
Tesla to Enact 5-for-1 Stock Split
Tesla Inc. said it would enact a 5-for-1 stock split after a
share-price surge over recent months vaulted the electric-vehicle
maker to the status of most-valuable car company as Chief Executive
Elon Musk navigated the pandemic.
Lehman Loses Effort to Recover $1 Billion From Investors
A federal appeals court is letting investors keep roughly $1
billion they received from Lehman Brothers after its 2008
bankruptcy filing triggered the liquidation of dozens of
collateralized debt obligations.
Pandemic Continues to Wallop Restaurants: Earnings at a Glance
Restaurant chains suffered as Covid-19 restrictions kept more
people at home, but companies that make household items from meal
kits to mattresses reported improved results.
Fox News Launches International Streaming Service
The network is rolling out a new service that will stream
programming from its cable news channels to audiences overseas.
TikTok Tracked User Data Using Tactic Banned by Google
TikTok skirted a privacy safeguard in Google's Android operating
system to collect unique identifiers from millions of mobile
devices, data that allows the app to track users online without
allowing them to opt out, a Wall Street Journal analysis has
found.
Airbnb Plans to File 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.
HD Supply to Sell Its White Cap Unit to Clayton Dubilier & Rice for $2.9 Billion
The private-equity firm will combine the carved-out White Cap
business with Construction Supply Group, a Sterling Group
company.
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.
Occidental: Anadarko Casts a Long Shadow
Occidental Petroleum's startling loss last quarter shows it will
take a while for the company to shift the narrative away from the
story of its outsized Anadarko acquisition.
(END) Dow Jones Newswires
August 11, 2020 19:15 ET (23:15 GMT)
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