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 died.

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 coronavirus pandemic.

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 travel downturn.

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 largest investors.

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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