News Highlights: Top Company News of the Day

Airbus Looks to End Trade Dispute With U.S. by Forgoing Some Government Support 
 

Airbus has agreed with the Spanish and French governments to change some financial-support agreements in an attempt to bring an end to a yearslong trade dispute with the U.S.

 
Intel Posts Profit Surge but Warns of More Delays on Advanced Chips 
 

Intel reported stronger second-quarter earnings, buttressed by a work-from-home economy that has spurred demand for computing power, but it signaled a delay in its development of superfast chips.

 
China Oil Majors Agree to Sell Assets in Deals Worth $55 Billion Amid Energy Sector 
               Reforms 
 

Two of China's energy giants have agreed to sell some of their assets in cash and share deals worth around $55 billion to a newly created state juggernaut that China hopes will reform and unify its national energy-transmission network.

 
Disney Delays 'Mulan' Indefinitely, Postpones 'Star Wars' and 'Avatar' Sequels 
 

The entertainment giant is making more changes to its movie-release schedule, including canceling the planned August release of "Mulan," as the coronavirus pandemic continues to roil Hollywood.

 
Tesla Prepares for Hiring Boom as Elon Musk Targets Manufacturing Expansion 
 

Elon Musk's plan to build Tesla's fourth vehicle assembly factory represents the next phase in his effort to reshape the auto maker.

 
UK Telecom Operators Seek Cost Relief From British Govt for Ban on Huawei 
 

U.K. telecommunication operators are engaged with the British government as they seek to recover part of the extra costs resulting from the government's ban on 5G equipment made by China's Huawei, Vodafone's Chief Executive Nick Read said.

 
Thales Sets New Guidance After 1H Profits Sank During Pandemic 
 

Thales said that net profit for the first half of the year plunged on the back of a sharp decline in the civil aeronautics market due to the coronavirus pandemic, while it set new guidance for the year.

 
Equinor Swings to Net Loss Amid Lower Oil and Gas Prices 
 

Equinor swung to second-quarter net loss as cost cuts weren't enough to offset lower oil and gas prices.

 
Brooks Brothers Agrees to 'Stalking-Horse' Takeover Bid 
 

The $305 million offer from Sparc, the apparel venture backed by Authentic Brands and Simon Property Group, kicks off the contest to buy the iconic American retailer out of bankruptcy.

 
Lands' End Warns About Ability to Stay in Business 
 

The Wisconsin-based casual-clothing seller said its future could be in doubt if it isn't able to refinance a $384.1 million term loan from Bank of America NA and others.

(END) Dow Jones Newswires

July 24, 2020 07:15 ET (11:15 GMT)

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