News Highlights: Top Company News of the Day
Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S.
Moderna Inc. said Tuesday it agreed to provide the U.S.
government 100 million doses of its experimental coronavirus
vaccine in exchange for more than $1.5 billion.
Authentic Brands-Simon Venture to Buy Brooks Brothers for $325 Million
A venture backed by apparel-licensing firm Authentic Brands
Group and mall owner Simon Property Group has agreed to buy Brooks
Brothers Inc. for $325 million.
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.
Hertz Spent $13 Million on Bankruptcy Consulting in Year Before Filing
The rental-car company racked up more than $13 million in
bankruptcy-related consulting bills in the year leading up to its
chapter 11 filing in May.
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.
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
McDonald's Board Faces New Scrutiny of Investigation Into Ex-CEO
Some investors and corporate-governance groups are questioning
the handling of Steve Easterbrook's departure and the supervision
of the company.
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.
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.
(END) Dow Jones Newswires
August 11, 2020 23:15 ET (03:15 GMT)
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