News Highlights: Top Company News of the Day
08 Abril 2020 - 04:15AM
Dow Jones News
Tesco Profit Falls, Faces Hefty Charge
Tesco reported a fall in annual pretax profit on higher expenses
and warned it expects impairment charges from the coronavirus
pandemic of up to GBP925 million.
European Corporate Roundup: Heineken Warns Trading to Deteriorate
Heineken said that overall volumes likely fell 4% in the first
quarter, and warned that the impact from the coronavirus pandemic
will be even greater in second quarter.
Instagram Draws Surge in Offers of Masks With Potential Risks
Thousands of accounts are hawking medical face masks that could
be fraudulent, according to a research report, a sign that Facebook
is struggling to prevent users from taking advantage of the
pandemic.
Airbnb Paying More Than 10% Interest on $1 Billion Financing
Airbnb Inc. agreed to pay its new investors interest at a rate
of more than 10%, and to strengthen its leadership, in return for
the $1 billion in additional funding announced Monday, according to
people familiar with the matter
Twitter's Jack Dorsey Pledges $1 Billion to Charity, Including Coronavirus Relief
The CEO is offering some of his stake in Square to fund
charitable causes, starting with relief efforts toward the novel
coronavirus pandemic.
Amazon to Suspend Delivery Service That Competes With UPS, FedEx
Amazon.com will halt a delivery service for non-Amazon packages,
according to people familiar with the matter, as it re-evaluates
the nascent offering that competes directly with FedEx and UPS.
Australian Banks Pressured to Suspend Dividends, Limit Bonuses
Pressure is on Australian banks and insurers to suspend
dividends and cap executive bonuses after a regulator said it
expects them to make prudent cuts to payouts over at least the next
couple of months.
Steak-umm Emerges as Unlikely Coronavirus Misinformation Watchdog
Processed-meat brand Steak-umm has become an unlikely minder of
misinformation, using a Twitter thread to caution people about the
sources of their coronavirus news.
Pinterest Becomes an Unlikely Social Climber
Amid a global pandemic, Pinterest seems to have become a popular
virtual destination for confined consumers and cash-conserving
advertisers alike.
UnitedHealth Will Speed Payments to Doctors, Hospitals Amid Pandemic
UnitedHealth Group is accelerating payments to doctors and
hospitals, starting with about $2 billion over the next week, to
ease a cash crunch that has led some health-care providers to
furlough workers during the pandemic.
(END) Dow Jones Newswires
April 08, 2020 03:00 ET (07:00 GMT)
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