News Highlights: Top Company News of the Day
Foxconn's Terry Gou Says Big Wisconsin Project Hinges on State Aid
Terry Gou's comments were his most explicit yet that a major
project in Wisconsin could be scaled back and might not be
completed if state officials don't come through with promised
Pioneer Natural Resources Is in Talks to Buy Parsley Energy
The two oil-and-gas companies, shale producers that operate in
the Permian Basin of Texas and New Mexico, are discussing an
all-stock deal that could be completed by the end of the month,
according to people familiar with the matter.
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix
The U.S. semiconductor giant has reached a deal to sell its
flash-memory manufacturing business to South Korea's SK Hynix Inc.
for about $9 billion.
Ant Nears Giant IPO After Green Light From Hong Kong's Exchange
Hong Kong's stock exchange gave Ant Group approval to proceed
with its long-awaited initial public offering in the city, paving
the way for what will likely be a record-breaking share sale.
Moderna CEO Expects Covid-19 Vaccine Interim Results in November
Moderna Chief Executive Stéphane Bancel said the federal
government could authorize emergency use of the company's
experimental Covid-19 vaccine in December, if the company gets
positive interim results in November from a large clinical
WeWork Exec Says Consulting Deal With Neumann No Longer in Place
A $185 million agreement that SoftBank Group signed with WeWork
co-founder Adam Neumann upon his departure last year is no longer
in place, a company executive chairman said.
Kodak to Push Forward on Making Drug Ingredients Despite U.S. Loan Troubles
Eastman Kodak's Jim Continenza defended his company's handling
of a halted $765 million U.S. loan, though he conceded his company
has been understaffed, particularly amid the coronavirus
Universal Tosses Cinemas a Lifeline While Testing New Distribution Model
The Comcast-owned studio is releasing substantially more films
to theaters this holiday season as it tries to spur attendance for
troubled cinemas-and boost its push to reset distribution
BHP's Group Production Rises 2%
The miner said group copper-equivalent production rose 2% in the
quarter ended Sept. 30, and largely kept its production and
unit-cost guidance unchanged for fiscal 2021.
AT&T Chief Says Tech Giants Hold Too Much Power Over Streaming
HBO Max is gaining viewers but is up against big tech companies
with outsize market power, said John Stankey, CEO of the service's
parent company who called for more scrutiny of platform
(END) Dow Jones Newswires
October 20, 2020 01:15 ET (05:15 GMT)
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