News Highlights: Top Company News of the Day
20 May 2020 - 8:30PM
Dow Jones News
BlackRock Softens Stance in Argentina Restructuring Talks
BlackRock is proposing that a key group of Argentina's creditors
accept greater losses in a restructuring ahead of a potential
default on the country's sovereign debt later this week.
Property Investors Report Rent Slump Amid Pandemic: Earnings at a Glance
Property investors reported a decline in rent payments, as
tenants struggle with the effects of the coronavirus pandemic.
Economy Could Spoil Home-Improvement Party
Consumers' uptake of DIY projects provided a boost to both Home
Depot and Lowe's, but uncertainty in the housing market obscures
growth prospects.
Ford's Production Restart Hits Bump
Ford Motor closed its Chicago assembly plant for several hours
on Tuesday after two employees tested positive for Covid-19, an
early indication of the challenges the auto industry faces as
production resumes after a two-month shutdown.
Hertz Lenders Brace for Losses From Formerly Triple-A Bonds
Bonds backed by Hertz Global Holdings' fleet of rental cars had
the same credit rating as the U.S. government just a few weeks ago.
Now the company's financial woes are stoking fears that investors
are headed for a loss.
Panasonic Takes 20% Stake in Blue Yonder
Panasonic is taking a 20% stake in supply-chain software
provider Blue Yonder, deepening their relationship as the two
companies work together to develop digital technology in managing
retail and manufacturing goods.
Elkann's Fiat Chrysler Deals Are Under Pressure
One deal that John Elkann, the scion of Italy's Agnelli family,
sealed has come undone and the other-a merger between Fiat Chrysler
and Peugot-is threatened by the fallout from the coronavirus
pandemic.
Stitch Fix Needs a Refresh
The fashion styling service's business is likely to weather the
pandemic, but it may need a new model.
U.S. Arrests Former Green Beret, Son Tied to Ghosn's Escape From Japan
The U.S. arrested a former Green Beret and son in connection
with former Nissan Motor Chairman Carlos Ghosn's escape from Japan
to avoid a corruption trial.
Luckin Coffee Shares Tumble After Nasdaq Lifts Trading Suspension
Shares of Luckin Coffee resumed trading following a six-week
hiatus, tumbling early after the Nasdaq Stock Market told the
Chinese coffee chain that it could be delisted.
(END) Dow Jones Newswires
May 20, 2020 15:15 ET (19:15 GMT)
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