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News Highlights: Top Company News of the Day

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07/10/2020 | 05:15pm EDT
Cinema Chain AMC Inks Financing Deal to Help It Survive Pandemic 

AMC Entertainment has reached a deal with investors who will pump $300 million of new money into the company, as the nation's largest theater chain looks to fill seats with moviegoers still wary of coronavirus pandemic.

U.S. National Security Panel Reviewing Chinese Investors' Purchase of Pharma Firm 

The inquiry focuses on the 2017 acquisition of South Carolina-based Ritedose after national-security officials learned it was in talks with the Pentagon over a project involving injection devices for a coronavirus vaccine.

Amazon Says Email Ordering Employees to Delete TikTok Was Sent in Error 

Amazon.com sent employees an email Friday morning mandating they remove the TikTok app from company mobile devices-but a spokesman later said that order had been sent in error.

Carnival to Shed 13 Ships 

Cruise operator Carnival expects to reduce its fleet by 13 ships, or nearly 9% of its capacity, as the company continues to burn cash amid sailing suspensions caused by the coronavirus pandemic.

Apex Linen, Unraveled by Covid-19, Files for Bankruptcy 

The private-equity-backed provider of dry cleaning and laundry services to Las Vegas hotels and casinos has filed for bankruptcy, blaming the havoc that the coronavirus pandemic has created in the travel business.

American Airlines Has Threatened to Cancel Some Boeing 737 MAX Orders 

American has threatened to cancel some of its orders for Boeing's troubled 737 MAX jets, people familiar with the matter said, a sign of deepening financial stress in aviation.

SoFi Makes Second Attempt to Start Its Own Bank 

The financial-tech startup filed an application with regulators this week to create SoFi Bank, a Utah-based bank of which it would be the sole owner. The effort comes nearly three years after SoFi abandoned a similar attempt.

Rivian Raises $2.5 Billion as Investors Chase Electric-Car Buzz 

Rivian Automotive, the electric pickup-truck startup backed by Ford Motor, Amazon and other investors, has secured another $2.5 billion in private funding, providing it with cash to release new vehicles next year.

Spotify, Tinder, Other Apps Suffer Outages Due to Facebook Glitch 

A number of popular apps such as Spotify and Tinder experienced outages because of a bug in Facebook's software for iPhone users.

European Companies Took $100 Bln Revenue Hit During Coronavirus Pandemic 

Energy, automotive and fashion companies reported significant revenue declines for early 2020


Stocks mentioned in the article
ChangeLast1st jan.
AMC ENTERTAINMENT HOLDINGS, INC. 1.22% 4.15 Delayed Quote.-42.68%
AMERICAN AIRLINES GROUP INC. 9.50% 12.56 Delayed Quote.-56.21%
APPLE INC. 0.36% 440.25 Delayed Quote.49.38%
BOEING COMPANY (THE) 5.58% 174.28 Delayed Quote.-46.50%
CARNIVAL CORPORATION & PLC 2.04% 14.02 Delayed Quote.-72.42%
FACEBOOK -0.28% 249.12 Delayed Quote.21.37%
FORD MOTOR COMPANY 1.46% 6.96 Delayed Quote.-25.16%
SPOTIFY TECHNOLOGY S.A. -0.31% 249.25 Delayed Quote.66.67%
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