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News Highlights: Top Company News of the Day

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06/02/2020 | 03:16am EDT
Facebook Employees Stage Virtual Walkout Over Handling of Trump Posts 
 

The action marks opposition to Mark Zuckerberg's decision to allow a post from President Trump about the recent social unrest that they believed violated the company's rules about inciting violence.

 
Music Labels Suspend Work in Support of Demonstrations 
 

Musicians and entertainment executives are encouraging workers to take Tuesday as a chance to reflect on racism in the country, in some cases even if that means taking off work.

 
CEOs and Big Businesses Speak Out on Racism, Police Violence 
 

Business leaders are speaking out about social injustice and racial inequality in the wake of George Floyd's death at the hands of police and the protests in more than 100 U.S. cities the fatal event has sparked.

 
Stitch Fix to Lay off About 1,400 Employees in California 
 

Stitch Fix, a personal-shopping service and clothing retailer, notified its roughly 1,400 California-based stylists Monday, or about 18% of its total staff, that they will be losing their jobs.

 
Starbucks Reduces Worker Hours to Reflect Pared-Back Operations 
 

The coffee chain is reducing labor as coronavirus limits hours and services.

 
Bain Capital, Cyrus Capital Are Preferred Bidders for Virgin Australia 
 

Investment firms Bain Capital and Cyrus Capital Partners have emerged as the preferred bidders for the assets of Virgin Australia Holdings Ltd., Australia's second-biggest airline which had filed for insolvency.

 
ANZ Sells NZ Asset Finance Business to Shinsei Bank 
 

Australia and New Zealand Banking Group Ltd. has agreed to sell its New Zealand asset finance business, UDC Finance, to Shinsei Bank Ltd., as the Australian bank continues with plans to streamline its operations.

 
Gun Stocks Surge Past Broader Market 
 

Shares of gun manufacturers soared Monday, continuing this year's winning streak.

 
Don't Expect Pfizer's Bad Reaction to Last 
 

A surprise cancer-drug failure will sting, but not as much as investors expect.

 
Buffett-Backed Italian Insurer Is Told to Boost Capital 
 

Cattolica, a Berkshire Hathaway-backed Italian insurance company, was told by the local regulator to boost its capital, a sign authorities are prepared to press the industry to protect itself from the impact of the coronavirus.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -7.50% 5.8 Delayed Quote.5.45%
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 0.43% 18.49 End-of-day quote.-24.93%
BERKSHIRE HATHAWAY INC. -1.10% 268780 Delayed Quote.-20.85%
FACEBOOK 0.38% 244.5 Delayed Quote.19.12%
JUST GROUP PLC 0.38% 47.98 Delayed Quote.-39.27%
LETS HOLDINGS GROUP CO., LTD. 2.68% 11.86 End-of-day quote.96.36%
LOOK HOLDINGS INCORPORATED -0.85% 702 End-of-day quote.-43.93%
SHINSEI BANK, LIMITED 0.86% 1292 End-of-day quote.-22.87%
SINGAPORE AIRLINES LIMITED -1.04% 3.81 End-of-day quote.-57.85%
STARBUCKS CORPORATION -0.77% 73.57 Delayed Quote.-15.67%
STITCH FIX, INC. -0.14% 29.27 Delayed Quote.14.22%
THE NEW HOME COMPANY INC. -0.92% 3.24 Delayed Quote.-29.83%
WILL GROUP, INC. -2.16% 634 End-of-day quote.-49.36%
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