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News Highlights: Top Company News of the Day

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08/04/2020 | 05:15pm EDT
Walmart Healthcare Executive Sean Slovenski Departs 

Executive leading Walmart's health-care ambitions is leaving the company, people familiar with the matter said, as the retail behemoth navigates the operational complexity of the coronavirus pandemic.

Insurers Report Mixed Results From Covid-19 

Two giant sellers of insurance to consumers-Allstate and Prudential Financial-reported results that reflected the far-ranging impact of Covid-19.

Lack of Crowds Pummels Media Giants: Earnings at a Glance 

The pandemic's effects on theme parks and sporting events hammered media company results, but strategic moves have helped others navigate the changes.

Disney Posts a Nearly $5 Billion Loss 

The entertainment company's revenue fell 42% in the latest quarter as the pandemic wreaked havoc on its theme parks and other businesses, resulting in a $4.72 billion loss.

Beyond Meat Reports Stronger Demand as Pandemic Inspires Food Stockpiling 

Beyond Meat said consumers scooped up its alternative-meat products in the second quarter from retail stores amid coronavirus-inspired food stockpiling.

Fox Posts Lower Quarterly Profit on Decline in Advertising Revenue 

Fox reported lower profit for its latest quarter, hit by a fall in advertising revenue amid a pandemic-related pullback in live sporting events.

Wynn Resorts Revenue Drops Nearly 95% 

The casino operator lost $523 million in the three months ended June 30, versus about $219 million in operating income a year earlier.

Novavax Covid-19 Vaccine Produces Positive Results in First-Stage Study 

Novavax said its experimental coronavirus vaccine induced promising immune responses and was generally well-tolerated in healthy adults in the first human study of the shot.

Microsoft CEO Nadella Wades Into U.S.-China Tensions in TikTok Pursuit 

Merger deals are rarely simple. But Microsoft's CEO now is attempting to ink a takeover agreement that satisfies not only both the companies and their shareholders, but two governments in bitter competition for technological clout.

CME Settles Lawsuit With Regulator Over Leaks by Former Employees 

Futures-exchange operator CME Group has agreed to pay a fine of up to $4 million to settle a long-running lawsuit with its regulator over accusations that former exchange employees leaked confidential trading information.


Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. 1.75% 169.5901 Delayed Quote.119.66%
CME GROUP INC. 1.30% 169.38 Delayed Quote.-16.65%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.14% 141.15 End-of-day quote.-2.74%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.09% 108.45 End-of-day quote.-12.95%
MICROSOFT CORPORATION 0.96% 212.4531 Delayed Quote.31.43%
NOVAVAX, INC. 0.01% 108.307 Delayed Quote.2,622.36%
PRUDENTIAL FINANCIAL, INC. -0.22% 63.33 Delayed Quote.-32.24%
WALMART INC. 2.03% 142.44 Delayed Quote.17.73%
WYNN RESORTS 0.18% 71.7602 Delayed Quote.-48.89%
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