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News Highlights: Top Company News of the Day

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02/26/2020 | 09:16am EDT
Blackstone Bets Big on U.K. Student Housing, Acquiring IQ for $3.6 Billion 

The U.S. buyout giant's move comes as an early but significant sign of a rebound in European deal-making this year despite a global slowdown.

The Car Industry's Big Merger Is Better Than Investors Think 

Investors have been disappointed too often to give car manufacturers much advance credit for cost-cutting plans. In the case of the industry's big merger, that may create an opportunity for those that dare to break ranks.

BlackRock's Barbara Novick Is Stepping Down 

The face of BlackRock's public-policy efforts built a lobbying machine that let the firm avoid the regulatory burdens big banks faced.

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.

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.

German Companies Brace for Big Blow From Coronavirus 

Companies in Europe's largest economy are rushing to limit the impact of the spreading coronavirus epidemic, which hits a weakened German economy in a painful spot: the supply chains of its export-oriented manufacturers.

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.


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%
PANASONIC CORPORATION -2.46% 837.9 End-of-day quote.1.29%
SIEMENS AG 2.94% 77.47 Delayed Quote.-33.53%
TESLA, INC. 4.36% 524 Delayed Quote.25.26%
THE BLACKSTONE GROUP INC. -3.62% 45.57 Delayed Quote.-18.54%
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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