News Highlights: Top Company News of the Day
Sumner Redstone, Media Mogul, Dies at 97
Sumner Redstone, who turned his family's movie-theater company
into a global media empire spanning television, movies, radio and
books, and who famously proclaimed that "content is king," has
Off-Price Retailer Stein Mart Files for Bankruptcy
National retailer Stein Mart Inc. has filed for bankruptcy with
plans to permanently close most or all of its stores, becoming the
latest distressed department store chain to succumb to the
Aerospace Suppliers Brace for Hard Landing
Companies that make parts for Boeing and Airbus jets, and
provide airlines with everything from engine spares to window
shades, are shrinking rapidly in the wake of the pandemic-driven
Qualcomm Seeks 5G Riches After Bruising Antitrust Battle
Qualcomm's legal victory in a high-stakes battle with the U.S.
government raises the opportunity for the smartphone chip giant to
enjoy a period of relative calm and growth propelled by rising
appetite for new 5G handsets.
Rapid-Response Covid-19 Test Makers Face Outsize Demand
Doctors, nursing homes and federal officials are scrambling to
get rapid-response Covid-19 antigen testing supplies from the two
companies that secured emergency approval to produce them.
Tencent Will Struggle in the Greatest Game of All
Gaming helped Tencent deliver a record quarter, but its new
opponent is unlikely to play nice.
Two U.S. Agencies Examining Investments Sold by Crowdfunding Site YieldStreet
Two U.S. agencies are looking into investments sold by
YieldStreet, an online platform that pitches itself as giving
people the chance to get in on deals usually reserved for the
New Xbox Will Lack 'Halo' Effect
Delay in releasing the latest installment of the blockbuster
"Halo" gaming franchise could hurt Microsoft's new Xbox launch.
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.
(END) Dow Jones Newswires
August 12, 2020 09:15 ET (13:15 GMT)
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