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News Highlights: Top Company News of the Day

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07/16/2020 | 09:16am EDT
American Plans Alliance With JetBlue 

American Airlines Group and JetBlue Airways announced an alliance that the carriers said would speed their recovery from the pandemic-driven travel downturn by boosting their position in large Northeast markets.

Domino's Says Pandemic Sparks Stronger Demand in U.S. 

Domino's Pizza posted robust U.S. sales during its latest quarter, as consumers turned to the pizza-delivery company while many other restaurant chains struggled with coronavirus-related limits on their dining rooms.

Trading Powers Morgan Stanley to 45% Profit Jump 

The bank reported record quarterly profit and revenue during a period when the coronavirus ripped through the U.S. economy and financial markets.

Bank of America Profit Falls 52% As It Prepares for Coronavirus Defaults 

The large lender's profit tumbled in the second quarter after the bank set aside billions of dollars to prepare for soured loans.

Johnson & Johnson Posts Lower  Sales but Raises Guidance 

Johnson & Johnson's revenue declined in the latest quarter as the coronavirus pandemic weighed on sales of beauty products and medical devices. But the company raised its financial guidance for the rest of the year.

California Resources, State's Largest Driller, Files for Bankruptcy 

California Resources Corp., the state's largest oil driller, filed for bankruptcy protection on Wednesday to carry out a prearranged restructuring proposal that would wipe out more than $5 billion in debt and equity interests.

Putnam Fund Trims Bet on Depressed Mall Debt at Loss 

A Putnam Investments bond fund is under pressure from an expensive wager on America's depressed shopping malls.

Energy-Focused Firms Struggle to Raise Capital 

Institutional investors are avoiding traditional energy-focused funds due to low oil prices, poor returns and increasing concerns on the environment.

EU's Top Court Restricts Personal-Data Transfers to U.S. 

Thousands of companies may have to stop storing information about EU residents on servers in the U.S., after the bloc's top court ruled that such transfers expose Europeans to U.S. government surveillance without what it described as "actionable rights" to challenge it.

Virgin Galactic Names Disney International Parks Head as Next CEO 

Virgin Galactic, Richard Branson's space-tourism venture, has tapped Michael Colglazier of Disney as its next chief executive as the company prepares for commercial services.


Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN AIRLINES GROUP INC. 0.63% 13.66 Delayed Quote.-52.79%
BANK OF AMERICA CORPORATION -1.46% 26.409 Delayed Quote.-24.11%
JETBLUE AIRWAYS CORPORATION 0.00% 11.6274 Delayed Quote.-37.98%
LONDON BRENT OIL 0.09% 45.3 Delayed Quote.-32.59%
MORGAN STANLEY -0.36% 52.23 Delayed Quote.2.46%
VIRGIN GALACTIC HOLDINGS, INC. 2.67% 18.68 Delayed Quote.57.23%
WTI 0.20% 42.605 Delayed Quote.-32.22%
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