News Highlights: Top Company News of the Day

07/23/2020 | 09:16pm
Elon Musk
Lands' End Warns About Ability to Stay in Business 

The Wisconsin-based casual-clothing seller said its future could be in doubt if it isn't able to refinance a $384.1 million term loan from Bank of America NA and others.

Disney Delays 'Mulan' Indefinitely, Postpones 'Star Wars' and 'Avatar' Sequels 

The entertainment giant is making more changes to its movie-release schedule, including canceling the planned August release of "Mulan," as the coronavirus pandemic continues to roil Hollywood.

No Bars, No Problem for Boston Beer: Earnings at a Glance 

Boston Beer Co. reported strong results as consumers' coronavirus-altered habits continue to benefit some companies, while presenting lingering obstacles to others.

Tesla Prepares for Hiring Boom as Elon Musk Targets Manufacturing Expansion 

Elon Musk's plan to build Tesla's fourth vehicle assembly factory represents the next phase in his effort to reshape the auto maker.

Intel Posts Profit Surge But Warns of More Delays on Advanced Chips 

Intel reported stronger second-quarter earnings, buttressed by a work-from-home economy that has spurred demand for computing power, but it signaled a delay in its development of superfast chips.

Tech Giants Aim to Solve West Coast Housing Shortage 

New announcements from Google and Apple shed light on how billions of dollars pledged by tech companies for affordable housing are being deployed.

Blackstone Is Buying Alaska Permanent Fund Infrastructure Assets 

Blackstone Group is buying a nearly $1 billion infrastructure investment portfolio from Alaska Permanent Fund, according to a person familiar with the matter.

Sinopec Agrees to Asset Transfer for $17 Billion of Cash, Equity 

The Chinese refiner will transfer stakes in three oil and natural gas pipeline operators to a state-owned national pipeline company in exchange for cash and equity worth a total of $17.05 billion.

Bankruptcy Judge Buries Probe of Neiman Backers 

A committee of unsecured creditors has targeted Neiman's owners over the MyTheresa transfer, saying the transaction amounted to asset-stripping for which they must compensate creditors.

AMC Postpones Reopening of U.S. Theaters Until August 

The chain is pushing back the reopening of its U.S. theaters to mid- to late August, after a number of potential summer blockbusters were held back because of the Covid-19 pandemic.


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