News Highlights: Top Company News of the Day
Rolls-Royce Plans Rights, Raises New Debt
Rolls-Royce said it planned a discounted GBP2 billion rights
issue and looked to secure fresh debt as part of a recapitalization
package to bolster its balance sheet.
Bayer to Cut More Costs as Farm Business Hurts
The German chemicals and pharmaceuticals company said the
coronavirus pandemic would hit its crop-science business harder
than anticipated as prices for various crops fell and consumption
of biofuel decreased.
Oil Giant Total Pledges Renewable Power Push
Total SA pledged to ramp up its spending on renewable energy and
reduce its dependence on petroleum, the latest move by a major oil
company toward cleaner power.
American Airlines, United to Cut 32,000 Jobs as Washington Debates Relief
The airlines will go forward for now with a total of more than
32,000 job cuts after lawmakers were unable to agree on a broad
coronavirus-relief package, the airlines told employees.
FAA Chief Gives Thumbs-Up to 737 MAX Fixes
Boeing got a tentative personal endorsement for fixes to its
beleaguered aircraft from the head of the Federal Aviation
Administration after he personally took one of the jets on a test
Judge Extends Shield Protecting Purdue's Sacklers From Lawsuits
A bankruptcy judge has extended until next year a shield that
protects Purdue's owners from litigation, saying the buffer is
needed to facilitate negotiations with states on a settlement over
the opioid crisis.
Brett Icahn Poised to Rejoin His Father's Firm
Carl Icahn will remain in charge of Icahn Enterprises for now,
but the company will adopt a plan for his son Brett to succeed him
as chairman and chief executive of its investment segment within
Allstate to Lay Off 3,800 Employees
One of the U.S.'s largest insurers said it plans to lay off
about 8% of its approximately 46,000 workers.
NextEra, Renewable-Energy Giant, Seeks Greater Scale With a Duke Takeover
NextEra Energy's pursuit of Duke Energy could result in a merger
of utility giants that would speed the renewable-energy transition
in the South and Midwest.
Justice Department Opens Ventilator Antitrust Probe Focused on Medtronic
Investigators are reviewing whether the device maker's
acquisitions limited competition in ventilator manufacturing,
according to people familiar with the matter, following complaints
about machine shortages during the pandemic.
(END) Dow Jones Newswires
October 01, 2020 03:15 ET (07:15 GMT)
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