News Highlights: Top Company News of the Day
Trump Administration Orders 167 Million Face Masks From 3M
President Trump said the government would buy nearly 167 million
masks from 3M in the next three months, resolving a spat with the
industrial conglomerate over efforts to ramp up the supply of gear
for frontline health-care workers.
Samsung Profit Forecast Indicates Limited Coronavirus Impact
Samsung Electronics provided some hope that the business
slowdown spurred by the new coronavirus pandemic might only
moderately dent one of the world's largest technology companies,
delivering a profit forecast above analysts' expectations
Airbnb Raises $1 Billion From Silver Lake, Sixth Street Partners
The company is raising $1 billion in funding from private-equity
firms Silver Lake and Sixth Street Partners as it reels from a
global hit to its business caused by the coronavirus pandemic.
U.S. Prosecutors Charge Former Fox Sports Executives in FIFA Bribery Case
Two former Fox Sports executives have been charged with
participating in a scheme to pay millions of dollars in bribes to
soccer officials in exchange for broadcasting rights.
Carnival Soars After Saudi Sovereign-Wealth Fund Discloses Stake
Shares in the company rose 20% after Saudi Arabia's Public
Investment Fund disclosed an 8.2% stake in the world's largest
Coronavirus Hits Meat Plants
The coronavirus pandemic is hitting U.S. meat operations,
slowing and temporarily halting production at some plants as
sickness and fear keep workers home.
PG&E's Settlement With California Fire Victims Is Fraying
Lawyers who brokered the $13.5 billion deal with the utility now
say they no longer support it and want changes, a stance that
threatens PG&E's effort to exit bankruptcy by summer.
Warren Buffett's Death-Spiral Deal
Berkshire Hathaway's financing of Occidental Petroleum's
Anadarko deal could see it own a large chunk of the company if it
gets paid in shares, unintentionally mimicking a predatory type of
Banks Stand to Lose More Than $100 Million on Loan to Luckin's Chairman
Loan default follows sharp decline in Luckin Coffee's share
price after the Chinese coffee chain said much of its 2019 sales
Foursquare Merges With Factual, Another Location-Data Provider
Foursquare Labs is merging with yet another location-focused
startup, Factual, in an all-stock deal.
(END) Dow Jones Newswires
April 06, 2020 21:15 ET (01:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.