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News Highlights: Top Company News of the Day

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08/17/2020 | 01:16pm EDT
McDonald's Former CEO Fights Severance Clawback 
 

Steve Easterbrook says McDonald's had information about relationships and stock award to an employee.

 
Chevron Pursues Exploration Deal in Iraq 
 

The U.S. oil major could unveil a pact with Baghdad on the sidelines of a White House visit this week, in what would be a boost to Iraq's oil industry.

 
Diageo to Buy Ryan Reynolds's Gin Brand 
 

The world's largest liquor maker is buying Davos Brands, a New York-based distributor and producer of Aviation American Gin and other liquors, for as much as $610 million.

 
Commerce Department Tightens Restrictions on Huawei's Access to Chips 
 

The Commerce Department issued new rules restricting Huawei Technologies Co.'s access to foreign-made chips, further tightening U.S. curbs on the Chinese telecom giant's ability to obtain crucial components.

 
Sanofi to Buy U.S. Developer of Multiple Sclerosis Treatment 
 

The French company has agreed to buy Principia Biopharma in a deal that values the developer of a promising multiple sclerosis treatment at $3.68 billion, the health-care giant's latest move to focus more on specialty therapies over mass-market medicines.

 
Covid-19 Vaccine Candidate From Novavax Starts Midstage Trial 
 

The Phase 2 study will test the safety and efficacy of the coronavirus vaccine in South Africa, with 2,665 healthy adults and another 240 who are HIV positive.

 
Artificial Intelligence Helps Canadian Tire Navigate Pandemic 
 

Canadian Tire Corp., which operates retail stores and gas stations across Canada, is using artificial intelligence to help manage its way through the economic disruption caused by the coronavirus pandemic.

 
Stop & Shop Owner Doubles Down on E-Commerce Amid Pandemic 
 

Ahold Delhaize, the owner of Food Lion, Giant Food and Stop & Shop, is allocating more funds to its e-commerce operations as the coronavirus pandemic prompts more people to buy groceries online.

 
Coronavirus Claims Hurt Shares of European Insurers 
 

European insurers have been singed by coronavirus claims and restrictions, with the Euro Stoxx Insurance index off more than 20% so far this year.

 
Home Depot Braced for Covid Pain-Then Americans Remodeled 
 

After lobbying to be open, the big box scrambled to meet surging demand. Historical business benchmarks don't apply in the pandemic, says CEO Craig Menear: "None of that has a correlation anymore."

 
 


Stocks mentioned in the article
ChangeLast1st jan.
AHOLD DELHAIZE N.V. -0.84% 24.73 Delayed Quote.11.86%
CANADIAN TIRE CORPORATION, LIMITED 0.47% 152.87 Delayed Quote.8.90%
CHEVRON CORPORATION -1.06% 70.88 Delayed Quote.-40.52%
DIAGEO PLC -2.64% 2561 Delayed Quote.-17.81%
DOW JONES AFRICA TITANS 50 INDEX 0.53% 487.81 Delayed Quote.-9.31%
DOW JONES SOUTH AFRICA(ZAR) 0.78% 1686.29 Delayed Quote.-7.26%
LONDON BRENT OIL -3.10% 41.66 Delayed Quote.-35.68%
MCDONALD'S CORPORATION 0.35% 228.18 Delayed Quote.15.10%
NOVAVAX, INC. -4.58% 93.84 Delayed Quote.2,371.36%
PRINCIPIA BIOPHARMA INC. 0.10% 100.05 End-of-day quote.82.64%
S&P AFRICA 40 INDEX 0.25% 162.13 Delayed Quote.-6.56%
SANOFI -1.49% 83.36 Real-time Quote.-5.58%
THE HOME DEPOT, INC. -0.31% 285.02 Delayed Quote.30.98%
WTI -3.34% 40.011 Delayed Quote.-32.53%
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