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News Highlights: Top Company News of the Day

06/11/2020 | 07:16am EDT
Amazon to Face EU Antitrust Charges Over Treatment of Third-Party Sellers 

The EU plans to file formal antitrust charges against Amazon.com, according to people familiar with the matter, the latest step in a nearly two-year probe into the company's alleged mistreatment of sellers that use its platform.

Unilever, Maker of Hellmann's and Dove, Tries to Restructure-Again 

The consumer-goods giant said it would consolidate its dual British and Dutch corporate structure into a single company based in the U.K., a move it hopes will allow it to more nimbly navigate the challenges posed by the Covid-19 pandemic.

GM Wants to Leave Australia, but Breaking Up Is Hard to Do 

The decision to scrap much of its Australia operation highlights the difficulties the Detroit auto maker faces as it tries to leave unprofitable markets.

Amazon Suspends Police Use of Its Facial-Recognition Technology 

The company said it is halting law-enforcement use of its facial-recognition technology for a year, as Congress takes steps to regulate such tools amid widespread criticism about racial and gender bias.

A&E Network Cancels Hit Reality Show 'Live PD' Amid Tension Over Policing in U.S. 

A&E Network cancelled its most popular program, "Live PD," which typically followed police officers in different U.S. cities simultaneously and rotated to whichever place had the most action.

Disneyland Resort in Southern California to Begin Reopening in July 

Walt Disney aims to begin a phased reopening of its Disneyland Resort in July. Disney parks have been shut down since March.

Tesla Shares Soar Past $1,000 on Plan to Move Forward With Semi Truck 

Tesla investors pushed the auto maker's stock to more than $1,000 a share, lifting its valuation nearer to Toyota's, after Elon Musk told employees it was time to begin volume production of the company's long-promised, all-electric semitrailer truck.

Zoom Catches Heat for Shutting Down China-Focused Rights Group's Account 

Zoom Video Communications drew fresh questions over its relationship with Beijing when it shut down a U.S. human-rights organization's account shortly after its videoconference on the 1989 Tiananmen Square massacre.

Ocado Raises GBP1B to Fund Growth 

Ocado has raised more than GBP1 billion in fresh funds to capitalize on opportunities arising from the significant growth in online grocery shopping.

Centrica to Cut 5,000 Jobs in Restructuring 

British Gas owner Centrica plans to cut 5,000 jobs in a restructuring that will remove three management layers and force the departures of the heads of its consumer and business divisions.


Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. -0.08% 36.99 Delayed Quote.0.00%
CENTRICA PLC -0.62% 47.74 Delayed Quote.3.09%
DUAL CO., LTD. -1.38% 4650 End-of-day quote.37.78%
TESLA, INC. 2.21% 657.62 Delayed Quote.-8.83%
WALT DISNEY COMPANY (THE) 1.48% 178.74 Delayed Quote.-2.78%
ZOOM VIDEO COMMUNICATIONS, INC. 3.87% 373.14 Delayed Quote.6.50%
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