News Highlights: Top Company News of the Day

Date : 30/06/2020 @ 06:15
Source : Dow Jones News

News Highlights: Top Company News of the Day

 
Uber in Talks to Buy Postmates for About $2.6 Billion 
 

Uber Technologies is in discussions to buy Postmates for about $2.6 billion, according to people familiar with the matter, the latest in a rapid-fire series of moves to consolidate the food-delivery industry.

 
Fast Food Franchisee NPC International Expected to File for Bankruptcy 
 

NPC International, one of the largest restaurant franchisees in the U.S., is preparing to file for bankruptcy protection despite its brands reporting a bump in sales since the coronavirus pandemic, people familiar with the matter said.

 
Boeing Faces Big 737 MAX Cancellation From Norwegian 
 

Norwegian Air Shuttle ASA said it is its canceling orders for 92 of Boeing Co.'s troubled 737 MAX jets, threatening to add to the U.S. planemaker's mounting financial strain.

 
Wells Fargo to Cut Dividend; Other Big Banks Hold Steady 
 

The fourth-largest U.S. bank, unlike its major rivals, expects to cut its dividend for the first time in more than a decade to help weather the coronavirus pandemic.

 
Amazon to Pay $500 Million in Bonuses for Front-Line Workers 
 

The e-commerce company's one-time payout follows months of strong demand from consumers stuck at home during coronavirus lockdowns and pressure on workers handling the jump in orders.

 
India Blocks Chinese Apps, Including TikTok, After Border Clash 
 

India banned dozens of Chinese mobile apps, including widely used TikTok and WeChat, after a border clash between troops from the two countries left 20 Indian soldiers dead this month.

 
Chesapeake Energy to Start Tapping $925 Million Bankruptcy Loan 
 

The oil-and-gas producer has been cleared to begin drawing on a $925 million bankruptcy loan, a crucial first step in its plan to eliminate billions of dollars of debt from its balance sheet in chapter 11.

 
Cirque du Soleil Files for Bankruptcy Protection in Canada 
 

Investment firms TPG, Fosun International and Caisse de Depot et placement du Quebec have submitted a proposal to buy the circus company's assets

 
Las Vegas Workers Sue Casinos Over Covid-19 Safety 
 

Las Vegas Strip hospitality workers sued casino operators, saying they failed to protect employees from the coronavirus, in one of the first efforts to hold employers legally responsible for infections as U.S. cases surge.

 
Lululemon Buys Mirror, an At-Home Fitness Startup, for $500 Million 
 

Lululemon is buying at-home fitness company Mirror for $500 million, a deal that aims to capitalize on pandemic-fueled upheaval in the fitness and retail industries.

 
 

(END) Dow Jones Newswires

June 30, 2020 01:00 ET (05:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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