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News Highlights: Top Company News of the Day

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06/01/2020 | 03:16am EDT
Lufthansa Surrenders Slots in Bailout Deal 
 

Lufthansa has agreed to give up slots at Frankfurt and Munich airports as required by European authorities as part of its EUR9 billion bailout package.

 
Chip Industry Seeks Billions to Expand U.S. Manufacturing 
 

Federal funds will be sought for factory building and research to keep the U.S. ahead of China and others generous in subsidizing their companies.

 
Coty to Appoint Chairman Peter Harf as CEO to Spearhead Turnaround 
 

Coty is set to appoint its fourth new chief executive in less than four years, as the cosmetics and fragrance maker strives to revive slumping sales and reduce its burdensome debt load.

 
SpaceX Craft Docks With Space Station, Ushering in New Era 
 

Elon Musk's SpaceX on Sunday successfully docked a company-owned capsule carrying a pair of NASA astronauts with the International Space Station, opening a new chapter in commercial space endeavors.

 
NetEase Set For Up to $2.78 Billion Hong Kong Share Sale 
 

NetEase will begin taking investor orders later on Monday ahead of its secondary listing in Hong Kong.

 
Meat Plants Reopen, but Burgers Stay Pricey 
 

A national meat-supply crunch driven by the coronavirus pandemic is beginning to ease, though meat and grocery suppliers expect the effects to linger for months. Meanwhile, consumers are paying more for ground beef and other staples across the country.

 
Avista Capital Backs Consumer Health-Care Company in $336 Million Deal 
 

Private-equity firm Avista Capital Partners is buying a stake in Vision Healthcare in a deal that values the direct-to-consumer health-care products company at around EUR305 million ($336 million).

 
Wegmans Pampered Its Shoppers. Now It Has to Protect Them. 
 

Companies that used to indulge their customers are adjusting to an era when shoppers also pose dangers. Wegmans, a grocery-store chain that inspired a cult following, is discovering how challenging that transformation can be.

 
Russia Approves Flu Drug's Use Against Covid-19 
 

Russia's Ministry of Health on Saturday approved a flu drug for use in fighting coronavirus after officials said preliminary testing showed hospitalized patients who took the pills recovered more quickly.

 
Canada's Banks Take Earnings Hit from Loss Provisions 
 

Royal Bank of Canada, Toronto-Dominion Bank Group and Bank of Montreal set aside billions of dollars during their second quarters to guard against defaults by their borrowers. The question now looming for the rest of the year: how much will they need?

 
 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 3.91% 6.64 Delayed Quote.20.73%
BANK OF MONTREAL 0.19% 72.25 Delayed Quote.-28.21%
DEUTSCHE LUFTHANSA AG 1.18% 8.954 Delayed Quote.-45.44%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.76% 135.9 End-of-day quote.-7.19%
JUST GROUP PLC -4.49% 48.9 Delayed Quote.-38.10%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.65% 100.05 End-of-day quote.-20.29%
ROYAL BANK OF CANADA -0.65% 92.17 Delayed Quote.-10.30%
THE NEW HOME COMPANY INC. 0.63% 3.2 Delayed Quote.-31.33%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 1.22% 71.35 Delayed Quote.13.37%
VISION INC. -0.75% 664 End-of-day quote.-63.36%
WILL GROUP, INC. 0.32% 636 End-of-day quote.-49.20%
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