News Highlights: Top Company News of the Day

07/02/2020 | 05:16am
SoftBank Seeks to End Partnership With Wirecard 
 

SoftBank is looking to distance itself from Wirecard, after the Japanese tech conglomerate helped arrange an investment months before the German payments company went bust.

 
Novartis Finalizes Settlement of Speaker Program Litigation in U.S. 
 

As part of the settlement, Novartis said, it "agreed to new corporate integrity obligations with the Office of Inspector General of the U.S. Department of Health & Human Services that will change how the company delivers peer-to-peer programs in the U.S."

 
AB Foods Reassures on Primark Trading 
 

Associated British Foods said it was encouraged by trading in its reopened Primark stores but warned that profits for the fashion brand will fall to around GBP350 million at best in 2020.

 
DS Smith Won't Resume Dividend Despite Profit Rise 
 

Packaging group DS Smith posted a 5% rise in 2020 profit and said it only expects a short-term hit from coronavirus, but decided not to resume dividends due to market uncertainty.

 
Apple to Shut Dozens of Stores as Coronavirus Flares 
 

The company had been reopening locations but is now temporarily closing dozens of stores in Texas, California and other states.

 
Major Tech Company CEOs to Testify Before Congress 
 

Top executives of Amazon, Apple, Facebook and Google will appear before the House Judiciary Committee later this month.

 
McDonald's Halts Reopening Plans as U.S. Coronavirus Cases Grow 
 

McDonald's is pausing the reopening of dine-in service in the U.S. as coronavirus cases continue to spread across states.

 
Pizza Hut and Wendy's Franchisee NPC Files for Bankruptcy 
 

The nation's largest Pizza Hut and Wendy's franchisee, filed for bankruptcy and will put its burger restaurants up for sale after failing to reach a deal with Pizza Hut parent Yum Brands.

 
FAA's Handling of Boeing 737 MAX Issues Faulted in Review 
 

Safety fixes after the first Boeing 737 MAX crash became snarled in Federal Aviation Administration delays and repetitive analyses, wasting any chance U.S. regulators had to prevent the second fatal accident, according to an investigation by the Transportation Department's internal watchdog.

 
Coronavirus Vaccine Candidate From Pfizer, BioNTech Produces Positive Results 
 

Researchers said an experimental coronavirus vaccine from Pfizer and partner BioNTech showed promising signs of working in an early-stage study.

 
 

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