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News Highlights: Top Company News of the Day

09/30/2020 | 03:16am EDT
Shell to Cut Up to 9,000 Jobs 

Royal Dutch Shell plans to cut as many as 9,000 jobs by the end of 2022, and said it expects to book charges of up to $1.5 billion in the third quarter.

Caesars, William Hill Agree Offer Terms 

Caesars and William Hill have agreed on the terms of a recommended offer that values the U.K. betting company at GBP2.9 billion.

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.

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.

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.

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.

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.


Stocks mentioned in the article
ChangeLast1st jan.
BANDAI NAMCO HOLDINGS INC. -0.90% 7808 End-of-day quote.-12.53%
CAR INC. 0.25% 3.99 End-of-day quote.6.68%
DAX 0.23% 15488.49 Delayed Quote.12.61%
DUKE ENERGY CORPORATION -2.74% 99.61 Delayed Quote.8.79%
FUTURE CORPORATION -1.97% 2036 End-of-day quote.15.42%
INVESTMENT HOLDING GROUP - Q.P.S.C. 2.33% 1.053 End-of-day quote.75.79%
LONDON BRENT OIL 0.08% 73.7 Delayed Quote.41.20%
NEWS CORPORATION -1.45% 25.13 Delayed Quote.39.73%
NEXTERA ENERGY -1.74% 73.28 Delayed Quote.-5.02%
PORSCHE AUTOMOBIL HOLDING SE 1.24% 93.26 Delayed Quote.63.37%
REALPAGE, INC. 0.08% 88.72 End-of-day quote.1.70%
ROYAL DUTCH SHELL PLC 0.07% 16.686 Real-time Quote.14.07%
ROYAL HOLDINGS CO., LTD. -0.98% 2218 End-of-day quote.20.54%
SDAX -0.10% 15989.6 Delayed Quote.8.40%
SILVER 0.57% 26.023 Delayed Quote.-2.11%
SOUTHERN COMPANY -3.00% 61.45 Delayed Quote.0.03%
THE BOEING COMPANY -0.78% 237.35 Delayed Quote.10.88%
TOTALENERGIES SE 0.34% 39.675 Real-time Quote.12.00%
V TECHNOLOGY CO., LTD. -3.45% 5590 End-of-day quote.-4.93%
VOLKSWAGEN AG 0.85% 220.25 Delayed Quote.43.29%
WALT DISNEY COMPANY (THE) -1.28% 172.42 Delayed Quote.-4.84%
WATERS CORPORATION -1.11% 342.71 Delayed Quote.38.51%
WILLIAM HILL 0.00% 271.8 End-of-day quote.0.63%
WTI 0.06% 71.845 Delayed Quote.47.13%
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