News Highlights: Top Company News of the Day
01 April 2020 - 8:15AM
Dow Jones News
Airlines Seeking Federal Aid Can't Share Flights
Initial rules governing airlines' access to federal aid require
carriers to maintain certain levels of service and won't allow any
coordination that would violate antitrust strictures.
Xerox to End Hostile Takeover Bid for HP
Xerox is pulling the plug on its hostile bid to buy larger rival
HP after the coronavirus pandemic undermined the copier maker's
ability to pull off the debt-laden merger.
Marriott Reveals Breach That Exposed Data of Up to 5.2 Million Customers
Marriott International is investigating a data breach that
exposed up to 5.2 million customers' personal information, at least
the third cyber incident for the hotel giant in the past 18
months.
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 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.
(END) Dow Jones Newswires
March 31, 2020 17:00 ET (21:00 GMT)
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