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News Highlights: Top Company News of the Day

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07/27/2020 | 11:16am EDT
Walgreens CEO to Step Down, Become Chairman 
 

The pharmacy chain said Stefano Pessina has decided to step down as chief executive after five years in the role, and will become executive chairman once the company names his successor.

 
Tech-Oriented Companies Profit From Demand for Select Products: Earnings at a Glance 
 

The Covid-19 pandemic had a limited impact on Atos, Hangzhou HIK Vision Digital Technology and SAP.

 
Moderna's Covid-19 Vaccine Begins Final-Stage Testing 
 

The pivotal trial will evaluate, in 30,000 subjects across the U.S., whether two doses prevents symptomatic Covid-19.

 
Under Armour Says It Received 'Wells Notices' From SEC 
 

Securities regulators have warned Under Armour, its founder Kevin Plank and its chief financial officer that they could face civil-enforcement action related to the sportswear maker's past accounting practices.

 
Google to Keep Employees Home Until Summer 2021 Amid Pandemic 
 

The tech giant will keep its employees home until at least next July, making the search-engine giant the first major U.S. corporation to formalize such an extended timetable.

 
Albertsons Books Higher Sales Amid Coronavirus 
 

Supermarket chain Albertsons, which owns the Safeway and Jewel-Osco stores, said sales rose in its first quarter as consumers bought more groceries and ate more at home during the coronavirus pandemic.

 
Rush Street Interactive to Go Public as Part of a $1.8 Billion Deal 
 

Rush Street Interactive agreed to go public via a merger with a blank-check company that will value the online sports-and-casino betting company at $1.8 billion including debt.

 
Amazon CEO Jeff Bezos Faces Rare Test in First Testimony Before Congress 
 

Amazon.com Chief Executive Jeff Bezos's message that the company uses its scale for good is set to be tested as never before when he makes his first-ever appearance before Congress on Wednesday.

 
General Mills Adds More Outsourcing Partners as It Aims to Meet Packaged-Food Demand 
 

To bolster its supply chain, General Mills has struck several new partnerships with contract manufacturers and suppliers of raw materials-and expanded existing ones-since March, when demand started to soar, finance chief Kofi Bruce said.

 
Fund Administrator for Fortress, Pimco and Others Suffers Data Breach Through Vendor 
 

A ransomware attack against a vendor of SEI Investments compromised data from investors.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.96% 1422.86 Delayed Quote.6.23%
AMAZON.COM, INC. 0.66% 3019.79 Delayed Quote.63.42%
ATOS SE 0.44% 68.26 Real-time Quote.-8.50%
GENERAL MILLS, INC. 1.70% 58.7 Delayed Quote.7.77%
SEI INVESTMENTS COMPANY -0.19% 49.63 Delayed Quote.-24.21%
UNDER ARMOUR, INC. -3.67% 11.01 Delayed Quote.-49.03%
WALGREENS BOOTS ALLIANCE, INC. -0.09% 35.03 Delayed Quote.-40.54%
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