News Highlights: Top Company News of the Day
05 Agosto 2020 - 12:30AM
Dow Jones News
Walmart Health-Care Executive to Depart
Sean Slovenski, who leads Walmart's health-care ambitions, is
leaving the company, people familiar with the matter said, as the
retail behemoth navigates the operational complexity of the
coronavirus pandemic.
Insurers Report Mixed Results From Covid-19
Two giant sellers of insurance to consumers-Allstate and
Prudential Financial-reported results that reflected the
far-ranging impact of Covid-19.
TWC Tech, SPAC Backed by Former KKR Executives, Files for IPO
TWC Tech Holdings II Corp., a so-called blank-check company
backed by former KKR & Co. executives Adam Clammer and Jamie
Greene, is trying to raise some $525 million through an initial
public offering and private placement, according to a securities
filing.
Blackstone Joins Clearlake and Insight in Backing Software Maker Diligent
Blackstone Group is joining investors in Diligent in a deal that
values the maker of corporate-governance software at north of $4
billion.
TikTok Standoff Raises Fear of Retaliation Against U.S. App Developers
Digital companies making inroads in China could face heat should
Beijing respond in kind to U.S. tactics.
Novavax Covid-19 Vaccine Produces Positive Results in First-Stage Study
Novavax said its experimental coronavirus vaccine induced
promising immune responses and was generally well-tolerated in
healthy adults in the first human study of the shot.
Lack of Crowds Pummels Media Giants: Earnings at a Glance
The pandemic's effects on theme parks and sporting events
hammered media company results, but strategic moves have helped
others navigate the changes.
SEC Probing Kodak Loan Disclosure, Stock Surge
The Securities and Exchange Commission is investigating the
circumstances around Eastman Kodak's announcement of a $765 million
government loan to make drugs at its U.S. factories, according to
people familiar with the matter.
Disney Posts a Nearly $5 Billion Loss
The entertainment company's revenue fell 42% in the latest
quarter as the pandemic wreaked havoc on its theme parks and other
businesses, resulting in a $4.72 billion loss.
Beyond Meat Reports Stronger Demand as Pandemic Inspires Food Stockpiling
Beyond Meat said consumers scooped up its alternative-meat
products in the second quarter from retail stores amid
coronavirus-inspired food stockpiling.
(END) Dow Jones Newswires
August 04, 2020 23:15 ET (03:15 GMT)
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