News Highlights: Top Company News of the Day
08 April 2020 - 4:15PM
Dow Jones News
GM to Make 30,000 Ventilators for National Stockpile
The car maker is making 30,000 ventilators for the national
stockpile in a $489.4 million contract with the Department of
Health and Human Services, as surging coronavirus cases have tested
medical capacities across the U.S.
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.
CFOs Look to Ramp Up Automation Investments Amid Pandemic
Finance chiefs are considering hastening investments in
automation initiatives to better manage their companies' finances
and operations despite facing revenue declines stemming from the
coronavirus pandemic.
Some Retail Chains Fight for Survival
With debt payments looming and access to loans uncertain during
the coronavirus crisis, retailers are running out of time.
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.
Physician Practice Managers Brace for Impact of Coronavirus Slowdown
Private-equity firms poured billions of dollars into physician
practice management companies in recent years. But as the
coronavirus pandemic continues, many of those providers face
declining patient visits, if not outright closures, putting even
more pressure on their often debt-laden balance sheets.
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 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.
Truckers Cut Spending as Factory Slowdown Weighs on Operators
Trucking companies that deliver goods to manufacturers are
cutting pay, reducing hours for workers and pulling back spending
as an initial bump in demand for consumer products gives way to a
deepening economic downturn.
(END) Dow Jones Newswires
April 08, 2020 11:00 ET (15:00 GMT)
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