News Highlights: Top Company News of the Day
August 13 2020 - 9:30AM
Dow Jones News
Corporate America Worries WeChat Ban Could Hit Business
More than a dozen major U.S. multinational companies raised
concerns in a call with White House officials Tuesday about the
potentially broad scope and impact of Mr. Trump's executive order
targeting WeChat.
Fatburger Owner to Acquire Johnny Rockets
Fat Brands is buying burger chain Johnny Rockets, expanding its
stable of restaurant brands in a bet that casual-dining demand will
bounce back from the coronavirus pandemic.
Hunt for Ex-Wirecard Executive Goes Public in Germany
Investigators are asking the public to help them find Jan
Marsalek, the elusive former Wirecard executive who prosecutors
suspect played a central role in inflating the fintech company's
results by booking fake income for years.
Amazon Cleared for Space Launch, but Broadband Questions Remain
Its plan to spend more than $10 billion on internet-beaming
satellites has industry insiders guessing about which markets the
company plans to serve.
Search For Next Tesla Fuels Rally in Chinese Auto Stocks
Makers of plug-in vehicles have led the advance amid a recovery
in car sales in China and hopes that electric vehicles will become
widely adopted.
Covid-19 Vaccine Developer Soars in Shanghai Market Debut
Shares in China's CanSino Biologics, one of several companies
racing to develop a Covid-19 vaccine, leapt on their first day of
trading on a Nasdaq-style tech board in Shanghai.
This Summer's Only Blockbuster Is a South Korean Zombie Film
Without competition from major Hollywood films, "Peninsula" has
won ticket sales across Asia, where some theaters have remained
open during the coronavirus pandemic.
Carlsberg Warns on Profit
Carlsberg said it expects full-year organic operating profit to
fall 10%-15%, and that it has decided not to start the second
tranche of its buyback program.
Thyssenkrupp Sees Further Pain Ahead
Thyssenkrupp swung to a third quarter adjusted loss of EUR415
million after sales and orders tumbled, and said that although it's
seeing signs of stabilization, further action needed to reshape its
business and balance sheet will weigh on the final quarter.
Zurich Insurance Profit Falls 40%
Zurich Insurance reported a steep drop in first-half operating
profit to $1.70 billion, and cautioned that it expects little
growth this year in net earned premiums from property and casualty
risk.
(END) Dow Jones Newswires
August 13, 2020 09:15 ET (13:15 GMT)
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