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News Highlights: Top Company News of the Day

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09/29/2020 | 05:15pm EDT
Twitter Partner's Alerts Highlight Divide Over Surveillance 
 

Dataminr sells a service to police that monitors Twitter's full feed and sends alerts including tweets about protests-putting the pair at odds with privacy advocates.

 
Regeneron Drug Helps Treat Covid-19 in Early Stage 
 

The drugmaker said a preliminary analysis of clinical-trial data showed reduced virus levels in nonhospitalized Covid-19 patients.

 
Disney to Lay Off 28,000 Workers as Disneyland's Reopening Unclear 
 

Walt Disney said it would lay off about 28,000 employees at its domestic theme parks, citing continuing restrictions due to the Covid-19 pandemic, particularly its inability to reopen Disneyland in Southern California.

 
Bankruptcy Judge Approves Sale of Remington Businesses 
 

Remington Outdoor won court approval of a series of sales that will bring in more than $156 million to its coffers in bankruptcy court amid concerns that the deals will endanger what could be more than $100 million of insurance that could compensate gun victims.

 
Costco CFO Juggles Managing Inventory For Products in High, Low Demand 
 

The retailer in recent months struggled to keep its shelves filled with wipes, baking yeast and laptops.

 
Danger Is Approaching for Coronavirus Vaccine Stocks 
 

As the race for a Covid-19 vaccine enters the final stretch, investors should be more wary of common drug development pitfalls.

 
Palantir's and Asana's Dueling IPOs to Test Direct-Listing Process, NYSE 
 

Both companies are poised to do direct listings on Wednesday. Only two other notable companies have done them before.

 
Increased Cooking at Home Lifts Sales at Frank's RedHot Maker 
 

Spice maker McCormick saw revenue climb this summer as stronger sales to consumers outpaced weakened demand from commercial customers during the pandemic.

 
JPMorgan Paying $920 Million to Resolve Market Manipulation Probes 
 

The settlement concludes federal investigations into the bank over manipulation of precious-metals and Treasurys markets. The fine is the largest the CFTC has ever imposed for the tactic known as "spoofing."

 
Peabody and Arch Give Up on Coal Joint Venture After Judge Sides With Regulators 
 

Peabody Energy and Arch Resources are moving on from a proposed thermal-coal effort in Wyoming and Colorado after a judge said the FTC showed the project would likely harm competition.

 
 


Stocks mentioned in the article
ChangeLast1st jan.
ARCH RESOURCES, INC. 0.00% 37.22 Delayed Quote.-48.12%
COSTCO WHOLESALE CORPORATION -0.55% 375.75 Delayed Quote.28.55%
JPMORGAN CHASE & CO. 3.53% 102.88 Delayed Quote.-28.72%
PALANTIR TECHNOLOGIES INC. 5.22% 9.68 Delayed Quote.0.00%
PEABODY ENERGY CORPORATION -5.36% 1.59 Delayed Quote.-81.58%
THE WALT DISNEY COMPANY 0.73% 127.56 Delayed Quote.-12.45%
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