News Highlights: Top Company News of the Day
Scandinavian Airline SAS Files for Bankruptcy Protection
The carrier has filed for bankruptcy protection in the U.S.,
saying a move by about 1,000 of its pilots to go on strike would
worsen its already fraught finances.
Germany to Bail Out Energy Suppliers As it Prepares for Bleak Winter
The country paved the way for injecting billions of taxpayer
money into embattled energy suppliers, as the country braces for a
stop to Russian natural-gas imports-a scenario many economists
think would trigger a severe recession.
Twitter Fights India's Order Compelling the Company to Block Some Tweets
The legal move by the social-media company escalates a battle
over online speech in the country of more than 1.3 billion
Spotify Rival Deezer's Shares Fall in Trading Debut
The French company's downbeat debut is a sign that there are
limits to the investor appetite for music-streaming services, even
as such offerings have grown to become a major source of revenue
for the music industry.
CureVac Sues BioNTech Over mRNA and Covid Vaccines. Pfizer Stock Isn't Spared.
CureVac says its intellectual property portfolio protects
multiple inventions that are considered essential to Pfizer and
BioNTech's Covid-19 vaccine.
Blackstone Bets on Global Tourism Boom With Australian Resort Deal
As Covid-19 cases have fallen and international air travel has
increased, some resorts are benefiting.
Amazon, Microsoft, Google Strengthen Grip on Cloud
The three companies account for about two-thirds of cloud
spending and are using their size to maintain their hold on the
rapidly growing market.
China's Big Airbus Order Isn't an All-Clear for Airline Stocks
The big three Chinese carriers have just placed their first
significant order since the pandemic began. But all isn't well just
yet: There are still some obvious squalls brewing.
Sanctions Threaten Russia's Next Huge Oil Field
Vostok Oil, a vast patch in Russia's far north, faces setbacks
as Western sanctions impede its access to cash and technology.
New Zealand Treasury Bars Wall Street Journal From Restricted Briefings Until 2025
New Zealand's Treasury will bar The Wall Street Journal from
attending restricted briefings for three years for publishing
budget information before the scheduled release time in May.
(END) Dow Jones Newswires
July 05, 2022 11:15 ET (15:15 GMT)
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