News Highlights: Top Company News of the Day
Boeing Faces Big 737 MAX Cancellation From Norwegian
Norwegian Air Shuttle ASA said it is its canceling orders for 92
of Boeing Co.'s troubled 737 MAX jets, threatening to add to the
U.S. planemaker's mounting financial strain.
Wells Fargo to Cut Dividend; Other Big Banks Hold Steady
The fourth-largest U.S. bank, unlike its major rivals, expects
to cut its dividend for the first time in more than a decade to
help weather the coronavirus pandemic.
Chesapeake Energy to Start Tapping $925 Million Bankruptcy Loan
The oil-and-gas producer has been cleared to begin drawing on a
$925 million bankruptcy loan, a crucial first step in its plan to
eliminate billions of dollars of debt from its balance sheet in
Cirque du Soleil Files for Bankruptcy Protection in Canada
Investment firms TPG, Fosun International and Caisse de Depot et
placement du Quebec have submitted a proposal to buy the circus
Las Vegas Workers Sue Casinos Over Covid-19 Safety
Las Vegas Strip hospitality workers sued casino operators,
saying they failed to protect employees from the coronavirus, in
one of the first efforts to hold employers legally responsible for
infections as U.S. cases surge.
Lululemon Buys Mirror, an At-Home Fitness Startup, for $500 Million
Lululemon is buying at-home fitness company Mirror for $500
million, a deal that aims to capitalize on pandemic-fueled upheaval
in the fitness and retail industries.
Facebook Ad Boycott Grows, Citing Failure to Control Hate Speech
Ford, Clorox and Denny's are joining a parade of companies that
have moved to halt advertising spending on Facebook because of how
the social-media giant has handled speech on its platforms.
AMC Delays Reopening Theaters to Late July
The largest theater chain in the U.S. is postponing plans to
reopen its U.S. locations by about two weeks, to July 30, following
date changes for the upcoming releases of two major films.
Reddit Bans The_Donald, a Popular Forum for Trump Supporters
The online platforms Reddit and Amazon.com-owned Twitch
suspended channels used by President Trump and his supporters,
saying content there violated the companies' policies
India Blocks Chinese Apps, Including TikTok, After Border Clash
India banned dozens of Chinese mobile apps, including widely
used TikTok and WeChat, after a border clash between troops from
the two countries left 20 Indian soldiers dead this month.
(END) Dow Jones Newswires
June 29, 2020 23:15 ET (03:15 GMT)
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