News Highlights: Top Company News of the Day
04 June 2020 - 6:15AM
Dow Jones News
FedEx Adds New Delivery Fees to Manage Strain From Coronavirus
The delivery giant plans to impose surcharges on merchants with
too many shipments and oversize packages, following a similar move
by rival UPS.
Huawei Risks Tougher Line From Britain After Latest U.S. Offensive
New U.S. restrictions imposed on China's Huawei have prompted
British officials to consider steering telecom carriers away from
its gear, according to people familiar with the matter-providing
fresh momentum to Washington's anti-Huawei campaign.
Snap Says It Won't Promote Trump's Snapchat Account
Social-media company Snap said it will no longer promote the
Snapchat account of President Trump on its home page after finding
that his public remarks could incite racial violence, a spokeswoman
said.
Walmart Goes Off Script at Annual Meeting
Executives at Walmart's annual shareholder meeting weighed in on
topics ranging from race relations and the pandemic to out-of-stock
products and the demand for puzzles.
Wall Street Firm Will Pay Junior Bankers Not to Work
Evercore Partners is offering to pay incoming junior bankers up
to $25,000 to delay starting their jobs during the coronavirus
pandemic.
Companies Push for More Access to Mail-In Voting
More than 100 companies have signed an initiative asking
congressional leaders to provide additional federal funding to
expand mail-in voting and extend early, in-person voting by two
weeks.
Auto-Parts Supplier APC Files for Bankruptcy
APC Automotive Technologies, a car-parts supplier founded in
1927, has filed for bankruptcy with plans to hand ownership to
lenders including Apollo Global Management.
Chicken Industry Executives Indicted on Price-Fixing Charges
The CEO of one of the country's biggest chicken producers and
three other industry executives were indicted on charges they
conspired to fix prices on chickens sold to restaurants and grocery
stores, the Justice Department's first charges in a continuing
criminal antitrust probe.
Quibi Asks Senior Executives to Take 10% Pay Cut
Quibi has asked senior executives to take a 10% salary cut as
the short-form streaming video service explores ways to rein in
costs after a disappointing debut.
Lyft's Investors Shouldn't Be Flooring It
The ride-hailing company's shares have made up a chunk of their
pandemic losses with much uncertainty remaining.
(END) Dow Jones Newswires
June 04, 2020 01:00 ET (05:00 GMT)
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