News Highlights: Top Company News of the Day
July 13 2020 - 5:30PM
Dow Jones News
SoftBank Explores Options for Chip Designer Arm Holdings
The Japanese conglomerate, which bought Arm for $32 billion in
2016, is considering a full or partial sale of the British chip
designer, or an initial public offering.
Ford to Reveal New Bronco After 24 Years Off the Market
Ford dealers have been asking the company for years to make a
rugged off-road vehicle to compete with Jeep's Wrangler. Finally,
they're getting one.
Tesla Is Now Bigger Than JPMorgan and Procter & Gamble. Next Up: Walmart
The recent surge of Tesla's shares puts its market value above
that of JPMorgan Chase, Procter & Gamble and UnitedHealth
Group.
Sirius to Buy Scripps Podcast Unit for at Least $265 Million
The satellite-radio giant said the addition of Stitcher would
enable it to reach more than 150 million listeners.
Disney Closing Hong Kong Property as Government Looks to Halt Virus
The entertainment company said it would again close the Hong
Kong Disneyland theme park, less than a month after it reopened,
amid an increase of new coronavirus cases in the city.
At PepsiCo, Quarantine Snacks Offset Drop in Soda Sales
PepsiCo posted flat revenue for the latest quarter as increased
demand for its snacks and packaged foods during the pandemic
largely offset a decline in beverage sales.
Analog Devices to Buy Rival Maxim for Over $20 Billion
Semiconductor maker Analog Devices said it plans to buy rival
Maxim Integrated Products for more than $20 billion in what would
be one of the largest merger deals of the year.
Google to Invest $10 Billion in India
Alphabet's Google is tightening its ties to India, one of the
last great untapped digital markets, with a $10 billion fund to
profit from the country's digital evolution and prove it shouldn't
be shut out by protectionist policies.
London Banks Urged to Pay Reparations for Links to Slavery
The Black Lives Matter movement is reinvigorating a yearslong
campaign to push some of London's oldest financial institutions to
pay reparations to the descendants of slaves.
Russia's Norilsk Nickel Involved in New Arctic Fuel Spill
Authorities in Russia's Arctic region declared a local state of
emergency following the leak of aviation fuel into nearby
reservoirs just weeks after a catastrophic diesel spill in the same
region.
(END) Dow Jones Newswires
July 13, 2020 17:15 ET (21:15 GMT)
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