News Highlights: Top Company News of the Day

Date : 23/05/2020 @ 09:30
Source : Dow Jones News

News Highlights: Top Company News of the Day

Hertz Preparing Bankruptcy Filing as Soon as This Weekend 
 

A bankruptcy would make Hertz one of the highest-profile corporate defaults yet stemming from the coronavirus pandemic's impact on American travelers.

 
SEC Charges Hollywood Film Executive With Fraud 
 

The Securities and Exchange Commission filed fraud charges against a Hollywood movie executive for stealing money from a BlackRock fund.

 
Payment Companies Increase Efforts to Combat Coronavirus-Related Frauds 
 

Compliance teams at companies such as PayPal Holdings Inc. and Western Union Co. have been closely monitoring early indicators of fraudulent activities and incorporating them into their investigation processes.

 
Facebook Rolls Out AI Tools to Help Small Businesses Sell Their Wares 
 

The company this week introduced new artificial-intelligence technology for two of its e-commerce platforms in an effort to make it easier for customers to find and purchase products.

 
E-Commerce, Pizza Delivery Companies Post Surprising Pandemic Results: Earnings at a Glance 
 

E-commerce company Alibaba Group Holding Ltd. and a pizza-delivery business had higher revenue amid coronavirus pandemic lockdowns, but they posted lower results on other factors.

 
Nvidia's Immunity Boost Should Last 
 

The chipmaker's data center revenue surged 80% from a year earlier to cross the $1 billion mark for the first time. That exceeded Wall Street's already high projections

 
Deere Lowers Outlook as Coronavirus Undercuts Demand 
 

The farm-equipment maker said a yearslong slump in sales will intensify as farmers further reduce spending amid weak demand for their crops and livestock.

 
GM's Plans to Increase Truck Production Delayed by Parts Shortage 
 

A shortage of parts from Mexico is hampering GM's plans to quickly ramp up production of high-profit pickups, underscoring the auto industry's halting restart after a two-month shutdown from the pandemic.

 
Alibaba's Profit Tanks With Investment Loss 
 

Alibaba's fourth quarter profit fell 88% from the same period a year ago after the coronavirus pandemic affected the value of the Chinese e-commerce giant's public investments.

 
Pakistan International Airlines Plane Crashes in Karachi 
 

A Pakistan International Airlines domestic flight crashed as it approached Karachi airport with at least 98 passengers and crew aboard after the pilot said the plane had lost power.

 
 

(END) Dow Jones Newswires

May 22, 2020 19:15 ET (23:15 GMT)

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