Snowflake Will Have to Run Extra Hot
Data warehousing provider's soaring IPO puts it on top of cloud valuation pile.
Trump Officials Push for U.S. Majority Control of TikTok
Trump administration officials are looking to give American investors a majority share of the company that will take over the Chinese-owned video sharing app TikTok, according to people familiar with the matter.
Kraft Heinz CFO Wants to Make Sure Cost Cuts Endure
Kraft Heinz's finance chief is helping make permanent cuts at the food manufacturer as it looks to take out $2 billion in expenses.
News Corp to Close Bronx Printing Plant
The company is moving the publication of several of its newspapers based in New York City including The Wall Street Journal to Queens.
Sony to Launch Two PlayStation 5 Models This Fall
With its console versions at $400 and $500, Sony is pursuing a similar strategy as Microsoft to woo more consumers.
Dave & Buster's Warns of Bankruptcy If No Lender Deal Struck
In a sign of the coronavirus's severe effect on the dining and entertainment industry, Dave & Buster's has announced layoffs and warned that it might need to file for bankruptcy if it can't reach a deal with its lenders.
Travelport Owners, Lenders Near Settlement of $1 Billion Debt Dispute
Elliott Management's Travelport Worldwide is nearing a restructuring settlement that would unwind a disputed $1 billion shareholder rescue and end a standoff with some of Wall Street's biggest debt buyers, people familiar with the matter said.
Owner of New York Sports Clubs Strikes Potential Lender Takeover Deal
The owner of New York Sports Clubs and Lucille Roberts gyms is preparing to sell itself out of bankruptcy to lenders that have agreed to supply the financing needed to keep the fitness chains open.
Deutsche Bank: U.S. Staff Can Wait Until Mid-2021 to Return to Office
The German bank recognized New York's "success in containing Covid" but added that workers have "understandable concerns about public transportation, cleanliness, security and other quality of life issues."
Unibail-Rodamco-Westfield Unveils Capital-Boost Plans
Unibail-Rodamco-Westfield announced a strategic plan to strengthen its balance sheet and reduce debt, including a EUR3.5 billion fundraising and EUR4 billion of asset disposals.