News Highlights : Top Company News of the Day

08/10/2020 | 01:16am
U.S. Agency Sidelines Planned $765 Million Loan to Kodak Amid Probes 

A federal agency has put a planned $765 million loan to Eastman Kodak on hold after the deal came under congressional and regulatory scrutiny.

Big Landlord in Talks to Put Amazon Warehouses in Malls 

Simon Property Group has been in talks with Amazon to convert some Sears and J.C. Penney stores into Amazon fulfillment centers.

Tech, Financial Firms Eye Ways to Save TikTok's U.S. Operations From  Ban 

Several investment and technology firms are exploring a potential deal for the U.S. operations of TikTok, which is facing a Trump administration ban, but they each would have to surmount hurdles at least as high as the Chinese social-media platform's main suitor, Microsoft.

SpaceX Advances Goal of Becoming  Long-Term Military Launch Provider 

Elon Musk's SpaceX has vaulted into an elite tier of military suppliers, winning a multibillion-dollar contract that makes it one of the Pentagon's two primary satellite-launch providers through most of the decade.

Twitter, TikTok Have Held Preliminary Talks About Possible Combination 

Twitter has had preliminary talks about a potential combination with TikTok, the popular video-sharing app that the Trump administration has declared a national-security threat due to its Chinese ownership, according to people familiar with the matter.

Qualcomm Lobbies U.S. to Sell Chips for Huawei 5G Phones 

Wading into the technology battle between Washington and Beijing, the smartphone chip maker warns of potentially losing billions of dollars in sales because of export limits.

Berkshire's Profit Jumps as Market Rebound Boosts Results 

Warren Buffett's conglomerate said its second-quarter earnings surged 86%, as a rebound in the stock market offset a profit decline in the company's operations and a large write-down for Precision Castparts.

Cosmetics Brands Face Revenue Drop as Department Stores Close 

Cosmetics brands that stock sales counters at department stores face a fresh wrinkle: fewer shops to sell their products as retailers shrink their physical footprint.

Domesticity Is a Mixed Blessing for Household Brands 

Sales at consumer-staples companies like Nestlé and Unilever have benefited during lockdowns. But their out-of-home businesses will be an eyesore from now on.

NAACP Wades Into Fight Over Purdue Pharma's Role in Opioid Crisis 

The National Association for the Advancement of Colored People is asking for a seat at the table in the Purdue Pharma's bankruptcy case to make sure communities of color get a fair share of billions of dollars in drug-crisis damages.


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