News Highlights: Top Company News of the Day
NBCUniversal's Cable Channels Were a Crown Jewel. Now They're an 'Albatross.'
New CEO Executive Jeff Shell is centralizing decision-making and
slimming down the cable unit in the process.
Nikola Executive Defends Business Model
The electric-truck firm's finance chief said the startup's
partners are staying the course despite the abrupt resignation of
company founder Trevor Milton.
Ford to Build Electric Cars in Canada as Part of Labor Deal
The settlement, reached early Tuesday, includes a $1.5 billion
investment in two Ford Motor factories-an engine plant in Windsor,
Ontario, and a vehicle-assembly factory in Oakville, Ontario.
Ralph Lauren to Cut 15% of Workforce After Coronavirus Lockdowns Reduced Demand
Ralph Lauren Corp. said it would cut its workforce by roughly
15%, reflecting a sharp drop in revenue tied to coronavirus-related
store closings earlier this year and potential challenges
Carnival Cruise Line Lays Off More Than 100 Ship Officers
EXCLUSIVE: The Carnival Corp. unit is laying off more than 100
ship officers because the parent company is shedding 18
less-efficient vessels from its fleet across various brands amid
the Covid-19 pandemic.
Covid-19 Can Keep AutoZone in the Fast Lane
With more drivers sticking with older cars and taking on
do-it-yourself repair projects, AutoZone is in the right place at
the right time.
Amazon Restricts How Rival Device Makers Buy Ads on Its Site
Some makers of smart speakers, video doorbells and other
hardware have hit roadblocks buying key ads in search results.
Gadgets made by e-commerce giant get the edge.
Wendy's, Pizza Hut Raise Concerns Over NPC Bankruptcy Sale
Wendy's Co. and Pizza Hut LLC are raising concerns over their
largest franchisee's effort to sell its assets, including the
franchise agreements, in bankruptcy court.
China's Luckin Coffee Is Fined for Inflating Results
China's top commerce regulator fined Luckin Coffee Inc. and
dozens of companies that helped the coffee chain inflate its sales
and expenses, wrapping up a monthslong investigation into the
LVMH Is Readying Its Red Pen for Tiffany's Books
Tiffany can't put a foot wrong between now and the January trial
that will decide the fate of the luxury industry's biggest ever
(END) Dow Jones Newswires
September 22, 2020 15:15 ET (19:15 GMT)
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