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News Highlights: Top Company News of the Day

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02/26/2020 | 07:16am EDT
Panasonic to End Tesla Partnership That Makes Solar Panels in Buffalo 

Panasonic will end its partnership with Tesla that produces solar panels at a factory in Buffalo, N.Y., the company said Wednesday.

Coronavirus in China Threatens Amazon Sellers 

Thousands of Amazon sellers who built their businesses on China's cheap, efficient manufacturers are on the spot as the coronavirus shuts factories there. Many are raising prices to slow sales, and looking to move production.

Virgin Galactic Plans to Resume Space-Tourism Sales 

Virgin Galactic Holdings still plans to make its first commercial space-tourism flight this year and took a step toward resuming ticket sales for jaunts expected to cost upward of $250,000.

Disney CEO Bob Iger Steps Aside; Parks Chief to Take Helm 

Bob Chapek, who has led Disney Parks, has been named Walt Disney CEO, succeeding Bob Iger, who will stay on as executive chairman.

NBCUniversal Opens New Local Ads Business for Streaming TV 

Comcast's NBCUniversal is launching a new streaming advertising business for its local TV stations group as viewers and advertisers continue to shift to internet-connected programming.

Bayer Chairman Steps Down in Midst of Roundup Legal Battle 

Chairman Werner Wenning is set to step down earlier than planned and be replaced by a former PricewaterhouseCoopers executive and relative newcomer to the German company.

Germany's Lufthansa Makes Cuts as It Braces for Coronavirus Impact 

Deutsche Lufthansa, Germany's flagship airline, said it would cancel projects and slash costs and expenses, one of the first signs that the global airline industry is beginning to brace for the impact of the coronavirus epidemic

Coronavirus Epidemic Threatens Rio Tinto's Supply Chain 

Rio Tinto warned the coronavirus epidemic is threatening its supply chain as it reported a 41% decline in annual net profit, but said it would pay a record final dividend.

Diageo Sees up to GBP325M Coronavirus Hit 

Diageo expects the coronavirus to hit net sales by GBP225-GBP325 million in the 2020 fiscal year but said the range could change as the outbreak evolves.

Danone Profit Misses Forecasts 

Danone said annual net profit fell to EUR1.93 billion, undershooting analysts' forecasts, as the company issued new guidance for 2020 and cautioned that economic conditions will remain "particularly volatile."


Stocks mentioned in the article
ChangeLast1st jan.
AUTOBACS SEVEN CO.,LTD. -4.72% 1271 End-of-day quote.-0.24%
BAYER AG 0.32% 52.85 Delayed Quote.-27.41%
BUFFALO CO.,LTD. -1.01% 976 End-of-day quote.-0.81%
DANONE 2.66% 58.64 Real-time Quote.-20.65%
DIAGEO PLC -0.10% 2572 Delayed Quote.-19.18%
LUFTHANSA GROUP AG -1.38% 8.562 Delayed Quote.-47.82%
PANASONIC CORPORATION -2.46% 837.9 End-of-day quote.1.29%
RIO TINTO PLC 1.31% 3718.5 Delayed Quote.-17.42%
SIEMENS AG 2.94% 77.47 Delayed Quote.-33.53%
TESLA, INC. 4.36% 524 Delayed Quote.25.26%
VIRGIN GALACTIC HOLDINGS, INC. 0.14% 14.78 Delayed Quote.27.97%
WALT DISNEY COMPANY (THE) -3.21% 96.6 Delayed Quote.-33.21%
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