News Highlights: Top Company News of the Day
|07/02/2020 | 09:16am|
Tesla Quarterly Deliveries Fell Less Than Expected Amid Covid Shutdown
Tesla's second-quarter deliveries fell 4.9% from a year earlier, a smaller decline than Wall Street had forecast for the electric-car maker, giving fuel to Elon Musk's growth plans despite the threat of an extended recession.
Lemonade Is Priced for Sweet Outlook
The insurance-tech darling is set to begin trading on Thursday in an initial public offering.
Cheap Online Live-TV Bundles Aren't So Cheap Anymore
Two major TV-over-internet bundles are raising prices this summer, which means smaller savings for many Americans who scrap their traditional pay-TV subscriptions for leaner, cheaper services.
Big Oil's Slippery Strategies for a Greener Future
However they tackle the energy transition, oil-and-gas supermajors risk wasting shareholder capital on projects that don't pay back.
YouTube's Latest Margin Call
The price rises on YouTube's pay-TV service as Google's ad business faces an unprecedented slowdown.
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."
FraudScope Raises $7 Million to Tackle Health-Care Fraud
Venture capitalists are betting that startup FraudScope can help health insurers combat fraudulent claims, which cost them billions of dollars and are a growing concern because of the coronavirus pandemic.
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.