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News Highlights: Top Company News of the Day

06/12/2020 | 09:16am EDT
Auto Makers in Lockdown Test Drive the Modern Car-Buying Experience 

Amid social distancing and lockdown orders, car companies have found ways to bring the showroom to buyers during the pandemic.

Airlines Launch Legal Action Over U.K. Quarantine Rule 

British Airways, easyJet and Ryanair, Britiain's three biggest airlines, have launched a legal action to overturn the U.K. government's 14-day quarantine policy.

Lululemon Takes a Breather 

High expectations on top of an already-high valuation meant Lululemon had a low margin for error. Its last quarter results appropriately brought expectations down a notch.

Stagnant Waters Will Be Nestlé's Toughest Sell Yet 

A possible sale of U.S. bottled water brands makes sense for Nestlé, but finding a buyer at an acceptable price will be a challenge, though.

Bankrupt Hertz Wants to Sell Up to $1 Billion in New Shares 

Rental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out.

Uber Says Thank You, Next 

The company might look to acquire a smaller rival such as Postmates as it prepares for a new competitive onslaught from Grubhub.

Twitter Takes Down Chinese Government-Linked Accounts It Says Pushed Propaganda 

The social media platform said it removed about 174,000 accounts that it labeled as fake and operated by China to promote its narratives about the coronavirus, Hong Kong protests and other topics.

Nestlé Explores Sale of Majority of North American Water Brands 

Nestlé SA is exploring a sale of the majority of its North America waters business, including brands like Poland Spring and Pure Life, as the world's largest bottled-water maker tries to adapt to shifting consumer tastes.

Companies Make Big Pledges Toward Initiatives on Race 

Businesses ranging from tech titans Apple and Google to toy maker Hasbro announced new measures and big-dollar initiatives to promote racial justice, as company leaders race to show their commitment to change amid the national outcry stemming from George Floyd's killing.

DoorDash Nears Deal to Secure Funding From T. Rowe Price, Fidelity, Others 

DoorDash Inc. is close to securing new funding that would value the largest U.S. meal-delivery company at more than $15 billion before the infusion, as a wave of deal making sweeps over the red-hot industry.


Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN WATER WORKS COMPANY, INC. -2.05% 158.47 Delayed Quote.3.26%
CHANGE INC. -0.07% 2994 End-of-day quote.-15.06%
DOORDASH, INC. 1.77% 161.46 Delayed Quote.13.11%
LETS HOLDINGS GROUP CO., LTD. -1.13% 7.02 End-of-day quote.-9.77%
LOOK HOLDINGS INCORPORATED 2.80% 1506 End-of-day quote.57.37%
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