News Highlights: Top Company News of the Day
30 September 2020 - 7:30PM
Dow Jones News
Seven Airlines Close Billions of Dollars in Loans With Treasury
The U.S. Treasury said it has closed loans to seven passenger
airlines and joined with the industry to call on Congress to extend
more aid to prevent massive job cuts later this week.
Boeing to Move All 787 Dreamliner Production to South Carolina
Boeing will set plans this week to consolidate 787 Dreamliner
assembly in South Carolina, people familiar with the matter said,
ending production of that jetliner in Washington state.
NextEra Energy Made Takeover Approach to Duke Energy
NextEra Energy recently made a takeover approach to Duke Energy,
according to people familiar with the matter, testing the waters
for what would be a $60 billion-plus combination of two southern
utilities.
Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala
Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is
making an investment in Silver Lake and contributing $2 billion to
help the technology-focused private-equity firm launch a new
long-term strategy, according to people familiar with the
matter.
Disney to Lay Off 28,000 Employees as Disneyland's Reopening Unclear
Walt Disney said it would lay off about 28,000 employees at its
domestic theme parks, citing continuing restrictions due to the
Covid-19 pandemic, particularly its inability to reopen Disneyland
in Southern California.
Twitter Partner's Alerts Highlight Divide Over Surveillance
Dataminr sells a service to police that monitors Twitter's full
feed and sends alerts including tweets about protests-putting the
pair at odds with privacy advocates.
Bankruptcy Judge Approves Sale of Remington Businesses
Remington Outdoor won court approval of a series of sales that
will bring in more than $156 million to its coffers in bankruptcy
court amid concerns that the deals will endanger what could be more
than $100 million of insurance that could compensate gun
victims.
Senator Questions Drugmaker Purdue's Bankruptcy Venue Choice
Sen. Tammy Baldwin (D., Wis.) on Tuesday asked Purdue Pharma
LP's board to turn over any emails and other information
documenting the company's decision to change its New York address
for receiving legal documents from Albany to White Plains about six
months before filing for chapter 11 last year.
Micron Sees Some Flashing Pain
A shift toward NAND flash will weigh somewhat on profits because
of pricing pressure and higher costs associated with a new
manufacturing process.
Kroll Agrees to Pay $2 Million to Settle Allegations It Broke Credit-Ratings Rules
The deal marks the SEC's second such settlement in less than
five months.
(END) Dow Jones Newswires
September 30, 2020 05:15 ET (09:15 GMT)
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