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News Highlights: Top Company News of the Day

10/09/2020 | 07:16am EDT
Why Disney World Is Open but Disneyland Is Closed 

It's a tale of two Orange Counties as Florida and California have adopted different approaches to reopening during the Covid-19 pandemic.

AMD Is in Advanced Talks to Buy Xilinx 

AMD is in advanced talks to buy rival chip maker Xilinx, people familiar with the matter say, in a deal that could be worth more than $30 billion and mark the latest big tie-up in the rapidly consolidating industry.

HCA Healthcare Plans Return of $6 Billion in Pandemic Relief, Loans 

HCA Healthcare, one of the nation's largest hospital chains, said it would pay back federal pandemic relief, the latest indicator of the $1 trillion hospital sector's rebound from pandemic-inspired disruption.

U.S. Appeals Injunction Halting TikTok Ban 

The Trump administration is appealing a federal court injunction blocking it from imposing a download ban on TikTok, the Chinese-owned video-sharing app that the government contends poses a national-security threat.

Antibody Drugs Touted by Trump Could Be Next to Get Authorized for Covid-19 

President Trump's endorsement of an experimental Covid-19 drug from Regeneron Pharmaceuticals has raised expectations for a type of medicine that could be authorized for public use within weeks or even days.

Alibaba Stock Hits Record 

The recent rally has lifted Alibaba's market value above $800 billion, cementing its position as one of the world's most valuable technology companies and opening a gap between it and Tencent.

London Stock Exchange Sells Italian Exchange for $5.1 Billion 

The deal is aimed at alleviating antitrust concerns about the potential bond trading dominance of the proposed $15 billion tie-up between LSE and Refinitiv.

Citadel Securities to Buy NYSE Market-Making Unit of IMC 

The electronic trading giant will bolster its already huge presence at the New York Stock Exchange by buying the NYSE market-making business of smaller rival IMC Financial Markets, the companies said.

Frontier Communications Bankruptcy Fees Are Too High, Judge Rules 

Frontier Communications Corp. and the investment bank that guided it through bankruptcy, Evercore Group LLC, were told by a judge Thursday to go back to the drawing board on their fee arrangement, which creditors had called too pricey.

Morgan Stanley Finds Money in the Cushion 

Developments in Washington left Morgan Stanley with a sizable capital cushion. Using that capacity to buy Eaton Vance, even fully priced, is better than many alternatives.

(END) Dow Jones Newswires

10-09-20 0715ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.64% 218.38 Delayed Quote.-7.68%
EVERCORE INC. 2.41% 134.96 Delayed Quote.20.20%
FRONTIER COMMUNICATIONS PARENT, INC. -26.25% 0.059 End-of-day quote.-34.08%
HCA HEALTHCARE, INC. -0.83% 204.43 Delayed Quote.25.35%
LONDON STOCK EXCHANGE PLC 1.04% 8182 Delayed Quote.-10.10%
MORGAN STANLEY 1.41% 87.08 Delayed Quote.25.30%
REGENERON PHARMACEUTICALS 2.77% 544.45 Delayed Quote.12.70%
TENCENT HOLDINGS LIMITED 0.09% 583 End-of-day quote.3.37%
XILINX, INC. 2.18% 133.71 Delayed Quote.-5.69%
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