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News Highlights: Top Company News of the Day

05/18/2020 | 11:16am EDT
Peet's Coffee Owner Brews $2.2 Billion IPO 

The investment firm behind Peet's Coffee is pushing ahead with an initial public offering of its coffee business, aiming to raise up to $2.2 billion, according to a person familiar with the matter.

Hertz Names Paul Stone as CEO 

Hertz named Paul Stone as its president and chief executive, effective Monday, at a time when the decimation in global travel has battered the car-rental industry.

Among the Losers, Low-Cost Airlines May Lose Less 

Budget carriers like Ryanair are suffering from the Covid-19 crisis, but a shrinking industry also brings them some advantages.

SoftBank in Talks to Sell T-Mobile Shares to Deutsche Telekom 

SoftBank is in talks to sell a significant portion of its T-Mobile US stake to controlling shareholder Deutsche Telekom as the Japanese technology conglomerate scrambles to raise funds.

Huawei Warns U.S. Chip Ban Will Damage Operations Globally 

The rule announced by the Commerce Department on Friday blocks foreign chip manufacturers whose operations use U.S. software and technology from shipping products to Huawei without a license.

Moderna Says Initial Covid-19 Vaccine Results Are Positive 

Moderna said a Phase 1 trial of a candidate Covid-19 vaccine showed a positive sign of potential to prevent infection with the new coronavirus.

Tesla's Production Restart Could Ease Path to Inclusion in S&P 500 Index 

A surprise second-quarter profit could qualify Elon Musk's car company for its addition to a key investor benchmark.

Hong Kong Opens Door for Alibaba in Index Overhaul 

Alibaba Group Holding and other Chinese technology companies appear set to join Hong Kong's main stock benchmark, after the compilers of the city's flagship Hang Seng index revamped their inclusion rules.

Intu in Talks with Lenders, Expects Covenant Breaches 

Intu said its shopping centers will remain closed, except for essential stores, until June 1, and that while talks with lenders continue, it expects to break covenants or material liquidity requirements.

Coronavirus Brings Beer Drinkers Back to Bud Light 

The coronavirus crisis has given new life to flagging mainstream beer brands while small craft brewers are hurting.


Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -0.86% 150.18 Delayed Quote.-34.91%
AT HOME GROUP INC. -0.08% 36.99 End-of-day quote.0.00%
DEUTSCHE TELEKOM AG 1.52% 17.22 Delayed Quote.13.42%
DJ INDUSTRIAL -0.15% 33919.84 Delayed Quote.13.00%
HANG SENG 0.51% 24221.54 Real-time Quote.-11.50%
NASDAQ 100 0.10% 15027.769916 Real-time Quote.18.97%
NASDAQ COMP. 0.22% 14746.397621 Real-time Quote.16.73%
RYANAIR HOLDINGS PLC -1.11% 16.49 Real-time Quote.2.58%
S&P 500 -0.08% 4354.19 Delayed Quote.18.02%
SOFTBANK GROUP CORP. -4.98% 6329 End-of-day quote.-21.46%
T-MOBILE US -0.58% 124.9 Delayed Quote.-6.84%
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