News Highlights: Top Company News of the Day
Airbus Looks to End Trade Dispute With U.S. by Forgoing Some Government Support
Airbus has agreed with the Spanish and French governments to
change some financial-support agreements in an attempt to bring an
end to a yearslong trade dispute with the U.S.
Intel Posts Profit Surge but Warns of More Delays on Advanced Chips
Intel reported stronger second-quarter earnings, buttressed by a
work-from-home economy that has spurred demand for computing power,
but it signaled a delay in its development of superfast chips.
China Oil Majors Agree to Sell Assets in Deals Worth $55 Billion Amid Energy Sector
Two of China's energy giants have agreed to sell some of their
assets in cash and share deals worth around $55 billion to a newly
created state juggernaut that China hopes will reform and unify its
national energy-transmission network.
Disney Delays 'Mulan' Indefinitely, Postpones 'Star Wars' and 'Avatar' Sequels
The entertainment giant is making more changes to its
movie-release schedule, including canceling the planned August
release of "Mulan," as the coronavirus pandemic continues to roil
Tesla Prepares for Hiring Boom as Elon Musk Targets Manufacturing Expansion
Elon Musk's plan to build Tesla's fourth vehicle assembly
factory represents the next phase in his effort to reshape the auto
UK Telecom Operators Seek Cost Relief From British Govt for Ban on Huawei
U.K. telecommunication operators are engaged with the British
government as they seek to recover part of the extra costs
resulting from the government's ban on 5G equipment made by China's
Huawei, Vodafone's Chief Executive Nick Read said.
Thales Sets New Guidance After 1H Profits Sank During Pandemic
Thales said that net profit for the first half of the year
plunged on the back of a sharp decline in the civil aeronautics
market due to the coronavirus pandemic, while it set new guidance
for the year.
Equinor Swings to Net Loss Amid Lower Oil and Gas Prices
Equinor swung to second-quarter net loss as cost cuts weren't
enough to offset lower oil and gas prices.
Brooks Brothers Agrees to 'Stalking-Horse' Takeover Bid
The $305 million offer from Sparc, the apparel venture backed by
Authentic Brands and Simon Property Group, kicks off the contest to
buy the iconic American retailer out of bankruptcy.
Lands' End Warns About Ability to Stay in Business
The Wisconsin-based casual-clothing seller said its future could
be in doubt if it isn't able to refinance a $384.1 million term
loan from Bank of America NA and others.
(END) Dow Jones Newswires
July 24, 2020 07:15 ET (11:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
From Jul 2020 to Aug 2020
From Aug 2019 to Aug 2020