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News Highlights: Top Company News of the Day

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08/04/2020 | 11:16pm EDT
Walmart Health-Care Executive to Depart 
 

Sean Slovenski, who leads 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.

 
TWC Tech, SPAC Backed by Former KKR Executives, Files for IPO 
 

TWC Tech Holdings II Corp., a so-called blank-check company backed by former KKR & Co. executives Adam Clammer and Jamie Greene, is trying to raise some $525 million through an initial public offering and private placement, according to a securities filing.

 
Blackstone Joins Clearlake and Insight in Backing Software Maker Diligent 
 

Blackstone Group is joining investors in Diligent in a deal that values the maker of corporate-governance software at north of $4 billion.

 
TikTok Standoff Raises Fear of Retaliation Against U.S. App Developers 
 

Digital companies making inroads in China could face heat should Beijing respond in kind to U.S. tactics.

 
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.

 
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.

 
SEC Probing Kodak Loan Disclosure, Stock Surge 
 

The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak's announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter.

 
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.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
BEYOND MEAT, INC. 4.81% 155.02 Delayed Quote.105.05%
EASTMAN CHEMICAL COMPANY 0.34% 77.3 Delayed Quote.-2.80%
GF (GF) - CMG (ELECTRONIC)/C1 -0.15% 142.23 End-of-day quote.-1.98%
KKR & CO. INC. 2.57% 33.91 Delayed Quote.16.25%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.19% 107.825 End-of-day quote.-13.37%
NOVAVAX, INC. 10.86% 113.56 Delayed Quote.2,753.27%
PRUDENTIAL FINANCIAL, INC. 1.03% 62.08 Delayed Quote.-33.77%
THE BLACKSTONE GROUP INC. 2.40% 51.15 Delayed Quote.-8.56%
WALMART INC. 0.42% 137.27 Delayed Quote.15.51%
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