News Highlights: Top Company News of the Day
Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars
The Wall Street firm is among a small number of bidders for the
auto maker's credit-card business, which has about $3 billion in
outstanding balances, according to people familiar with the matter.
Barclays is also in the running.
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
NFL Executive and League's Highest-Ranking Woman Steps Down
NFL chief operating officer Maryann Turcke, the No. 2 at the
league offices, is stepping down from her position as part of a
broader shake-up inside the NFL's headquarters.
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
Nautilus Is Too Pumped Up
The Covid fitness-equipment boom has caused the company's stock
to surge, but shareholders have reason to sweat.
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
(END) Dow Jones Newswires
August 12, 2020 11:00 ET (15:00 GMT)
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