News Highlights: Top Company News of the Day
06 July 2020 - 10:15PM
Dow Jones News
Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei
In the global race for 5G supremacy, Nokia bet big on the wrong
computer chip. Now the Finnish giant is trying to make up market
share lost to competitors, including China's Huawei.
LinkedIn to Add Audio Feature to End Pronunciation Gaffes on Names
Garble no more: Platform looks to smooth first contacts by
allowing users to record their own name and add the clip to their
profile.
Regeneron Advances Covid-19 Drug Into Later-Stage Testing
Regeneron is starting later-stage studies of its experimental
Covid-19 drug, a quick move into testing that could establish
whether the drug can be used for treatment and prevention.
Warren Buffett's Bet Is a Midstream Buying Signal
Berkshire Hathaway's long-awaited pandemic-era purchase in a
seemingly difficult business might seem like odd timing, but there
is good logic behind it.
Dakota Access Pipeline Must Shut Down, Judge Rules
A federal judge ordered the Dakota Access pipeline to shut down
by next month because it was improperly granted a key environmental
permit, a major setback for operator Energy Transfer LP and the
American shale drilling industry.
Second Wirecard Executive Arrested and Questioned by Prosecutors
The head of Dubai-based Cardsystems Middle East is to be
detained because he is considered a flight risk.
Uber to Buy Postmates for $2.65 Billion in Stock
The deal combines Uber Eats and Postmates and is the latest in a
flurry of consolidation moves in the food-delivery sector.
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data
Google, Facebook and Twitter are among tech companies that have
suspended processing requests for user data from Hong Kong
law-enforcement agencies following China's imposition of a
national-security law on the city.
Elliott Pushes Crown Castle to Bolster Fiber Business
The hedge fund run by Paul Singer said in a letter to the owner
of wireless towers and fiber infrastructure that the latter
business hasn't paid off for investors.
Colin Kaepernick, Disney Team Up for Series on Racial and Social Injustices
Colin Kaepernick and Walt Disney Co. have reached a deal that
brings together the activist quarterback and the entertainment
giant to produce content about the racial and social topics
Kaepernick has championed.
(END) Dow Jones Newswires
July 06, 2020 17:00 ET (21:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.