News Highlights: Top Company News of the Day
30 September 2020 - 12:30AM
Dow Jones News
Twitter Partner's Alerts Highlight Divide Over Surveillance
Dataminr sells a service to police that monitors Twitter's full
feed and sends alerts including tweets about protests-putting the
pair at odds with privacy advocates.
Regeneron Drug Helps Treat Covid-19 in Early Stage
The drugmaker said a preliminary analysis of clinical-trial data
showed reduced virus levels in nonhospitalized Covid-19
patients.
Disney to Lay Off 28,000 Workers as Disneyland's Reopening Unclear
Walt Disney said it would lay off about 28,000 employees at its
domestic theme parks, citing continuing restrictions due to the
Covid-19 pandemic, particularly its inability to reopen Disneyland
in Southern California.
Bankruptcy Judge Approves Sale of Remington Businesses
Remington Outdoor won court approval of a series of sales that
will bring in more than $156 million to its coffers in bankruptcy
court amid concerns that the deals will endanger what could be more
than $100 million of insurance that could compensate gun
victims.
Costco CFO Juggles Managing Inventory For Products in High, Low Demand
The retailer in recent months struggled to keep its shelves
filled with wipes, baking yeast and laptops.
Danger Is Approaching for Coronavirus Vaccine Stocks
As the race for a Covid-19 vaccine enters the final stretch,
investors should be more wary of common drug development
pitfalls.
Palantir's and Asana's Dueling IPOs to Test Direct-Listing Process, NYSE
Both companies are poised to do direct listings on Wednesday.
Only two other notable companies have done them before.
Increased Cooking at Home Lifts Sales at Frank's RedHot Maker
Spice maker McCormick saw revenue climb this summer as stronger
sales to consumers outpaced weakened demand from commercial
customers during the pandemic.
JPMorgan Paying $920 Million to Resolve Market Manipulation Probes
The settlement concludes federal investigations into the bank
over manipulation of precious-metals and Treasurys markets. The
fine is the largest the CFTC has ever imposed for the tactic known
as "spoofing."
Peabody and Arch Give Up on Coal Joint Venture After Judge Sides With Regulators
Peabody Energy and Arch Resources are moving on from a proposed
thermal-coal effort in Wyoming and Colorado after a judge said the
FTC showed the project would likely harm competition.
(END) Dow Jones Newswires
September 29, 2020 19:15 ET (23:15 GMT)
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