Kodak Lands $765 Million U.S. Loan in Start of Medical Supply Chain Fix
Eastman Kodak has won a government loan under the Defense Production Act to help expedite domestic production of drugs that can treat a variety of medical conditions and loosen the U.S. reliance on foreign sources.
Facebook Seeks to Reel In TikTok Creators
Facebook's Instagram has offered financial incentives to TikTok users with millions of followers to persuade them to use a new competing service, an escalation in a high-stakes showdown between the two social-media giants.
Peugeot First-Half Tops Hopes
Peugeot fared better-than-expected in the first half of 2020, posting profits and revenue above forecast and said it would aim for a "solid rebound" during the rest of the year.
Reckitt Benckiser Lifted by Product Demand
Reckitt Benckiser raised its forecasts after posting a jump in first-half profit to GBP1.44 billion, as demand for a range its products was boosted due to the coronavirus.
Delivery Hero Lifts Outlook as Sales Surge
Germany's Delivery Hero raised its full-year guidance following a surge in revenue and orders in the second quarter, with sales jumping to EUR612.1 million.
Nissan Motor Swung to $2.71 Bln 1Q Net Loss as Pandemic Hit Sales
Nissan Motor swung to a net loss in its first quarter as the Covid-19 pandemic hit global sales hard, it said Tuesday.
Former Malaysian Leader Najib Found Guilty in 1MDB Case
Former Malaysian Prime Minister Najib Razak was found guilty on all charges in his first corruption trial related to the multibillion-dollar 1MDB scandal that drove him from office in the country's 2018 elections.
Nike Replaces Its Diversity Chief
Nike said it is replacing its chief diversity officer, adding a Black woman to its leadership team at a time that the sneaker giant and other brands are promising to improve diversity and speaking out on social issues.
Moderna, Pfizer Coronavirus Vaccines Begin Final-Stage Testing
Two of the most advanced experimental vaccines entered the pivotal phase of their studies, with the first subjects receiving doses of products developed by drugmakers Moderna and Pfizer.
Trump Effort to Rein In Social Media Moves Forward
The Trump administration moved forward with plans to regulate content on social-media platforms, formally asking federal regulators to start overseeing how these platforms treat user-generated content.
