News Highlights: Top Company News of the Day
|06/12/2020 | 11:16am|
American Banks on Loyalty Program to Back Stimulus Loan
American Airlines Group Inc. said that it plans to pledge its loyalty program as collateral for a $4.75 billion government loan as it seeks to shore up capital to manage through the coronavirus pandemic.
Lululemon Takes a Breather
High expectations on top of an already-high valuation meant Lululemon had a low margin for error. Its last quarter results appropriately brought expectations down a notch.
Hollywood Reopens, but TV and Movie Sets Stay Closed
The state of California has said film and television production can resume Friday, roughly three months after being shut down because of the Covid-19 pandemic. But few are ready to shout "lights, camera, action" just yet.
Auto Makers in Lockdown Test Drive the Modern Car-Buying Experience
Amid social distancing and lockdown orders, car companies have found ways to bring the showroom to buyers during the pandemic.
Airlines Launch Legal Action Over U.K. Quarantine Rule
British Airways, easyJet and Ryanair, Britiain's three biggest airlines, have launched a legal action to overturn the U.K. government's 14-day quarantine policy.
Stagnant Waters Will Be Nestlé's Toughest Sell Yet
A possible sale of U.S. bottled water brands makes sense for Nestlé, but finding a buyer at an acceptable price will be a challenge.
Uber Says Thank You, Next
The company might look to acquire a smaller rival such as Postmates as it prepares for a new competitive onslaught from Grubhub.
Bankrupt Hertz Wants to Sell Up to $1 Billion in New Shares
Rental-car company Hertz Global Holdings wants to capitalize on the rally in its stock seen earlier this week by selling up to $1 billion in shares, despite a bankruptcy that threatens to wipe them out.
Twitter Takes Down Chinese Government-Linked Accounts It Says Pushed Propaganda
The social media platform said it removed about 174,000 accounts that it labeled as fake and operated by China to promote its narratives about the coronavirus, Hong Kong protests and other topics.
Nestlé Explores Sale of Majority of North American Water Brands
Nestlé SA is exploring a sale of the majority of its North America waters business, including brands like Poland Spring and Pure Life, as the world's largest bottled-water maker tries to adapt to shifting consumer tastes.