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News Highlights: Top Company News of the Day

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06/05/2020 | 11:16am EDT
Slack's Tough Act to Follow 

Zoom set a high bar for other tech companies benefiting from the pandemic's work-from-home surge.

Why Google and Apple Stores Had a Covid-19 App With Ads 

The technology giants have become de facto regulators of the coronavirus app market: "The rules for this keep changing depending on the day."

NetEase and JD.com Move Toward Hong Kong Listings 

Two of China's most valuable U.S.-listed companies progressed toward listings in Hong Kong, with online-gaming group NetEase setting a price for its stock sale and e-commerce giant JD.com filing a preliminary prospectus.

Walmart Wants to Turn Rags Into Riches 

Americans are so hot for used clothing that they'll even buy it during a pandemic. At least that is what Walmart is betting.

Lufthansa, Other Firms Burnt by Pandemic to Exit Blue-Chip Indexes 

Several companies badly hit by the pandemic are set to be ejected from blue-chip stock indexes in Europe, a demotion that will prompt funds managing billions of dollars of investments to sell their shares.

Victoria's Secret's U.K. Arm Files for Creditor Protection 

The British unit of Victoria's Secret owner L Brands filed for protection from creditors as it grapples with disruption wreaked by the coronavirus pandemic.

Hugo Boss Confirms Talks With CEO Successor 

Hugo Boss said it's in talks with former Tommy Hilfiger and PVH Europe boss Daniel Grieder to become the German fashion group's chief executive.

Musk Calls for Amazon Breakup in Spat With Bezos 

Elon Musk blasted Amazon.com and its founder Jeff Bezos, after the online retail giant rejected a book about the coronavirus pandemic, a clash that highlights the power some big tech companies wield over speech.

Pilgrim's Pride CEO Pleads Not Guilty in Poultry Price-Fixing Case 

The chief executive of Pilgrim's Pride pleaded not guilty to federal charges that he conspired to fix chicken prices, while a judge barred him from contacting poultry buyers allegedly victimized by the scheme.

Abu Dhabi's Mubadala to Invest $1.2 Billion in Jio Platforms 

Abu Dhabi-based Mubadala Investment Co. has agreed to invest $1.21 billion in Jio Platforms Ltd., joining the list that includes Facebook Inc. and other foreign firms eager to buy a stake in the Indian telecommunications and technology giant.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 1.27% 1507.1275 Delayed Quote.11.24%
AMAZON.COM, INC. 1.34% 3042.0476 Delayed Quote.62.36%
APPLE INC. 2.06% 380.77 Delayed Quote.26.92%
AT HOME GROUP INC. -0.14% 5.99 Delayed Quote.8.55%
DEUTSCHE LUFTHANSA AG -0.74% 9.1 Delayed Quote.-44.27%
FACEBOOK -0.21% 240.5031 Delayed Quote.17.35%
HUGO BOSS -3.39% 25.61 Delayed Quote.-38.65%
JUST GROUP PLC -1.04% 47.5 Delayed Quote.-39.24%
L BRANDS, INC. -0.20% 15.19 Delayed Quote.-16.39%
NETEASE, INC., 1.78% 453.185 Delayed Quote.44.89%
PVH CORPORATION -0.20% 44.63 Delayed Quote.-57.57%
TESLA, INC. 0.77% 1400.965 Delayed Quote.232.24%
THE NEW HOME COMPANY INC. 5.52% 3.21 Delayed Quote.-33.91%
WALMART INC. -0.49% 126.31 Delayed Quote.6.82%
WILL GROUP, INC. -1.80% 656 End-of-day quote.-47.60%
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