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News Highlights: Top Company News of the Day

09/30/2020 | 01:16am EST
Seven Airlines Close Billions of Dollars in Loans With Treasury 

The U.S. Treasury said it has closed loans to seven passenger airlines and joined with the industry to call on Congress to extend more aid to prevent massive job cuts later this week.

Boeing to Move All 787 Dreamliner Production to South Carolina 

Boeing will set plans this week to consolidate 787 Dreamliner assembly in South Carolina, people familiar with the matter said, ending production of that jetliner in Washington state.

Silver Lake Launches New 25-Year Investment Strategy Backed by Mubadala 

Abu Dhabi sovereign-wealth fund Mubadala Investment Co. is making an investment in Silver Lake and contributing $2 billion to help the technology-focused private-equity firm launch a new long-term strategy, according to people familiar with the matter.

Disney to Lay Off 28,000 Employees 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.

NextEra Energy Made Takeover Approach to Duke Energy 

NextEra Energy recently made a takeover approach to Duke Energy, according to people familiar with the matter, testing the waters for what would be a $60 billion-plus combination of two southern utilities.

BP Bets Future on Green Energy, but Investors Remain Wary 

BP has unveiled the most aggressive plans yet by a major oil company to pivot toward cleaner energy. But the revamp has so far failed to ignite enthusiasm among investors despite growing interest in renewables.

Volkswagen Tries to Change Workplace Culture That Fueled Emissions Scandal 

Volkswagen is betting that a reformed compliance culture and an expanded whistleblower program that helped the German car maker clear a critical U.S. regulatory milestone this month will also help prevent another scandal and go a long way in restoring its reputation.

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.

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.

General Atlantic to Invest in Reliance's Retail Venture 

U.S. private-equity firm General Atlantic is planning to invest $498.2 million in the retail venture of Indian conglomerate Reliance Industries Ltd.


Stocks mentioned in the article
ChangeLast1st jan.
BANDAI NAMCO HOLDINGS INC. 1.37% 9564 End-of-day quote.44.23%
CAR INC. 1.10% 3.69 End-of-day quote.-30.64%
DAX -0.02% 13286.57 Delayed Quote.0.31%
DUKE ENERGY CORPORATION -0.11% 96.15 Delayed Quote.5.42%
FUTURE CORPORATION 1.92% 1801 End-of-day quote.-0.77%
INVESTMENT HOLDING GROUP - Q.P.S.C. -1.71% 0.576 End-of-day quote.2.13%
LONDON BRENT OIL 0.04% 47.73 Delayed Quote.-27.39%
NEWS CORPORATION -0.94% 18 Delayed Quote.27.30%
NEXTERA ENERGY 1.32% 75.97 Delayed Quote.25.49%
PORSCHE AUTOMOBIL HOLDING SE -2.47% 55.98 Delayed Quote.-16.00%
PRIVATE EQUITY HOLDING AG -0.92% 54 Delayed Quote.-7.69%
RELIANCE INDUSTRIES LTD -0.87% 1943.7 Delayed Quote.27.85%
SDAX -0.01% 13698.88 Delayed Quote.9.50%
SILVER 0.08% 23.21 Delayed Quote.31.05%
SOUTHERN COMPANY -0.49% 60.89 Delayed Quote.-4.41%
THE BOEING COMPANY -0.40% 217.61 Delayed Quote.-33.20%
THE WALT DISNEY COMPANY -1.58% 149.09 Delayed Quote.3.08%
TOTAL SE -1.09% 37.365 Real-time Quote.-24.05%
V TECHNOLOGY CO., LTD. -0.93% 5320 End-of-day quote.-4.49%
VENTURE CORPORATION LIMITED -0.47% 19.12 End-of-day quote.18.02%
VOLKSWAGEN AG -2.46% 148.6 Delayed Quote.-15.68%
WATERS CORPORATION -2.37% 226.74 Delayed Quote.-2.96%
WTI -0.27% 44.93 Delayed Quote.-26.98%
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