News Highlights: Top Company News of the Day
April 01 2020 - 11:30AM
Dow Jones News
T-Mobile Absorbs Sprint After Two-Year Battle
T-Mobile US closed its takeover of Sprint Wednesday after a
nearly two-year battle with federal and state authorities.
PG&E Fire Victims Agitate Against Deal to Exit Bankruptcy
Some victims of the California wildfires are campaigning to vote
down the utility's exit plan over concerns it pays them half their
settlement in shares, exposing them to higher risks than hedge
funds, other creditors.
Spotify Strikes New Deal for Warner Music Catalog
Spotify and Warner Music have reached a new global licensing
agreement, the companies said, ending a contentious yearslong
negotiation between the streaming giant and the third-largest music
label.
Whiting Petroleum Becomes First Major Shale Bankruptcy as Oil Prices Drop
U.S. shale driller Whiting Petroleum filed for bankruptcy
protection Wednesday, becoming the first sizable fracking company
to succumb to the ongoing crash in oil prices.
Flight Attendants Urge Government Not to Take Airline Stakes
Flight attendants urged federal officials not to make grants to
airlines contingent on government stakes, saying they believe
executives would refuse-costing jobs in an industry hard hit by the
coronavirus pandemic.
BlackRock and Neuberger Berman Seeking to Offer Mutual Funds in China
The U.S. money managers are applying to manage and sell mutual
funds in China, in what could be a watershed moment for a global
investment industry eager to access the country's huge pool of
individual investors.
Companies Hit Hard by Coronavirus Look to Cut 401(k) Contributions
Macy's, Marriott International, La-Z-Boy, and Sabre Corp. are
among the first in an expected wave of companies looking to save
cash by suspending, delaying or reducing contributions to
employees' 401(k)s.
BP said it's cutting planned investments by a quarter this year
and expects its oil and gas production to fall due to the
coronavirus pandemic.
Micron CEO's Plan to Stay Ahead of Coronavirus Started Coming Together in January
Potential disruptions at Micron's Chinese operations led CEO
Sanjay Mehrotra to draw up contingencies and protect the chip
maker's supply chain before the coronavirus became a full-blown
pandemic.
Coronavirus Lockdowns Prompt Restaurants to Rethink Delivery
Restaurants' increasing dependence on companies like DoorDash
and Uber Technologies's Eats during the pandemic has inflamed their
frustrations with the delivery services and prompted some eateries
to strike back.
(END) Dow Jones Newswires
April 01, 2020 11:15 ET (15:15 GMT)
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