News Highlights: Top Company News of the Day
01 April 2020 - 4:30AM
Dow Jones News
Apple Commits to Paying Contractors
The tech giant said it plans to pay its hourly contract workers
after some janitors at their Silicon Valley campus were told their
jobs were being suspended without pay.
News Corp to Sell News America Marketing Unit
News Corp agreed to sell News America Marketing, its
coupon-publishing unit, for about $235 million in cash to the
private-equity firm Charlesbank Capital Partners.
Europe's Banks Urged to Cut Dividends to Shore Up Capital
European banks are shoring up capital by canceling or delaying
dividend payments amid concern about their ability to absorb a
potential rush of bad loans as households and companies are
impacted by the coronavirus pandemic.
Domino's Shows Even Coronavirus Standouts Face Pressure
Delivery-focused restaurants are best-equipped to survive the
coronavirus crisis, but an update from Domino's shows the road
won't be easy.
Amazon Struggles to Find Its Coronavirus Footing. 'It's a Time of Great Stress.'
The tech giant is dealing with mass absences and a restive
workforce as it labors to keep up with a surge in demand. "This
isn't business as usual," said Jeff Bezos.
Keystone XL Pipeline to Be Built With Alberta's Assistance
The long-delayed Keystone XL pipeline to take oil from Canada
into the U.S. heartland will move forward after the Alberta
province agreed to help finance the project, pipeline operator TC
Energy said.
Huawei Warns U.S. of Retaliation by Beijing; Profit Growth Slows
The chairman of Huawei Technologies warned the U.S. to expect
countermeasures from the Chinese government if it further restricts
the technology giant's access to suppliers, as the company's profit
last year grew at the slowest pace in three years.
Conagra Reports Rising Demand as Shoppers Buy More Food
Maker of Healthy Choice meals and other packaged foods and
snacks has seen elevated demand in its current fiscal quarter for
its business serving grocers and retailers.
Hyatt Executives Who Took Pay Cut Stand to Gain Through Latest Awards
After furloughing hotel staff, the company said a number of
executives would take a 50% reduction in pay in the next few
months. The value of their latest compensation packages could
exceed those cuts, a new analysis shows.
U.S. Families of Oil Executives Jailed in Venezuela Fear Coronavirus Threat
Imprisoned since 2017 for corruption charges the U.S. says were
trumped-up, six executives of oil refiner Citgo are at risk of
being infected by the coronavirus in their densely crowded prison,
according to family members seeking their release on humanitarian
grounds.
(END) Dow Jones Newswires
March 31, 2020 13:15 ET (17:15 GMT)
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