News Highlights: Top Company News of the Day
10 July 2020 - 11:15PM
Dow Jones News
Soap Makers Are Cleaning Up, but Can't Get Enough Hand Pumps
A surge in demand for soap and hand sanitizer during the
pandemic has led to a global shortage of plastic hand pumps,
propelling companies to redesign packaging and urge customers to
reuse them.
Oxy's Sweetener a Bitter Pill for Warren Buffett
Occidental Petroleum's surprise gift to shareholders such as
Carl Icahn dents the value of the company's lifeline from Berkshire
Hathaway last year.
German Biotech Sees Covid-19 Vaccine Ready for Approval by December
BioNTech, which has partnered with Pfizer to develop a
coronavirus vaccine, is confident it will be ready to seek
regulatory approval by the end of the year, its chief executive
said. Several hundred million doses could be produced even before
approval, and over 1 billion by the end of 2021.
Food Delivery's Next Meals Won't Come Cheap
Investors who are hungry for near-term price rationalization in
the industry could get smoked.
Two Suitors Compete to Scoop Brooks Brothers Out of Bankruptcy
A battle is brewing for control of Brooks Brothers, with at
least two apparel ventures looking to take over the bankrupt
clothing retailer, according to people familiar with the
matter.
What's Been Good for PCs Has Been Great for Google
The personal-computer industry finally got its work-from-home
boost. And a good bit of help from the kids.
Indian Bank Hit by Third Huge Fraud
One of India's biggest state-run banks said it had fallen victim
to its third multimillion-dollar fraud in as many years, a stark
illustration of the bad debts and weak defenses against misconduct
that plague the country's financial system.
Starbucks to Require Customers to Wear Masks
Starbucks will require customers in the U.S. to wear masks at
company-operated stores starting next week, a decision that comes
as new coronavirus cases rise sharply in parts of the country.
Harley-Davidson to Cut 13% of Global Workforce
The motorcycle maker's restructuring plan, including about 700
job cuts, will result in costs of about $42 million in the second
quarter.
PC Sales Surge, Boosted by Homebound Workers
Personal-computer sales rebounded in the June quarter, driven by
higher demand from workers and students forced to study and work
remotely amid the coronavirus pandemic.
(END) Dow Jones Newswires
July 10, 2020 09:00 ET (13:00 GMT)
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