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News Highlights: Top Company News of the Day

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05/15/2020 | 01:16pm EDT
Facebook Buys Giphy, Will Make It Part of Instagram Operations 

Facebook is buying Giphy, a popular online platform where users can search for animated pictures.

Hong Kong's SenseTime Considers $1 Billion Capital Raise 

The move for one of China's largest facial-recognition companies comes as governments and businesses are making increasing use of surveillance technology during the coronavirus pandemic

Vice Media to Lay Off More Than 150 Employees 

Vice Media Group said it is laying off employees from its U.S. and international units as the company tries to rein in costs amid an industrywide slowdown in digital advertising.

Airlines Increase Cargo Shipments But Not Enough to Offset Passenger Losses: Earnings at a Glance 

Coronavirus-pandemic restrictions on travel have hit airlines hard. "This is the biggest challenge to aviation we have ever witnessed," one executive said.

'Overhedging' Oil Prices Lands Some Global Airlines in Trouble 

As global airlines reel from the huge drop-off in business caused by the coronavirus, some face a second hit from this year's historic plunge in oil prices.

Car Makers See Chinese Market Picking Up, Leaving U.S. and Others Behind 

Volkswagen, the world's biggest car maker, saw its global sales shrink by almost half in April but-as lockdowns in the U.S. and Europe stunted demand-the reopening of China's economy offered signs of recovery.

Google Makes News Vanish by Heeding Phony Copyright Claims 

A Wall Street Journal investigation shows how dubious complainants citing 1998 law led the search giant to erase tens of thousands of links. 'We worked hard to reveal corruption,' says an editor whose work disappeared, 'but Google corporation can easily ban our story.'

SoftBank's Big Bets Are Hit Hard by Coronavirus 

The Vision Fund invested roughly half of its assets in seven companies, a strategy that has deepened losses and will likely weigh on any recovery.

U.S. Moves to Cut Off Chip Supplies to Huawei 

The Trump administration announced export restrictions designed to cut off the Chinese telecom-equipment maker from overseas suppliers, threatening to ignite a new round of U.S.-China economic tensions.

Coronavirus to Slow U.S. Meat Production for Months, CEO Says 

JBS, which slaughters 23% of the country's cattle and produces nearly one-fifth of its pork, is revamping plant operations to space workers farther apart while about 10% of its workforce has been sent home because of their higher risk from Covid-19, the CEO said.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -2.41% 1529.95 Delayed Quote.14.23%
AT HOME GROUP INC. -2.99% 21.12 Delayed Quote.284.00%
FACEBOOK INC -1.70% 261.4 Delayed Quote.27.36%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.04% 134.65 End-of-day quote.-7.38%
JUST GROUP PLC 1.74% 44.48 Delayed Quote.-43.70%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.10% 103.9 End-of-day quote.-16.60%
LONDON BRENT OIL -0.14% 42.31 Delayed Quote.-34.86%
SOFTBANK GROUP CORP. 3.15% 7244 End-of-day quote.52.31%
SPACE CO.,LTD. 2.50% 780 End-of-day quote.-38.92%
THE GLOBAL LTD. 7.39% 218 End-of-day quote.-53.72%
THE NEW HOME COMPANY INC. -1.58% 5.59 Delayed Quote.19.96%
VISION INC. 1.77% 975 End-of-day quote.-46.19%
VOLKSWAGEN AG 0.72% 139.28 Delayed Quote.-20.97%
WILL GROUP, INC. 2.10% 877 End-of-day quote.-29.95%
WORLD CO., LTD. 3.49% 1363 End-of-day quote.-49.35%
WTI -0.06% 40.798 Delayed Quote.-33.28%
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