 | | | | The New York Times Co on Wednesday named Chief Operating Officer Meredith Kopit Levien as its new chief executive, replacing Mark Thompson who is credited with pushing for the company's successful transformation into an online publisher. | | | | | | SoftBank Group Corp's chip company Arm Holdings Ltd has gathered takeover interest from Nvidia Corp, Bloomberg News reported https://bloom.bg/30R4Kh5 on Wednesday, citing people familiar with the matter. | | | | | | World equity markets slid and gold rose on Wednesday after the U.S. ordered China to close its consulate in Houston, fanning fears of worsening bilateral relations, while the euro gained on the European Union's massive recovery fund. | | | | | | Volkswagen's luxury car unit Audi expects car sales to reach pre-COVID-19 levels only by 2022 or 2023, Chief Executive Markus Duesmann told a German business daily. | | | | | | U.S. stock indexes traded mixed and in a narrow range on Wednesday as investors digested mixed quarterly results, stimulus negotiations in Washington and simmering U.S.-China tensions. | | | | | | Corporate America is downsizing its real estate footprint as companies allow more employees to work from home, a growing threat to the bottom line of owners of traditional office buildings and a sign that companies are looking for ways to cut costs as a result of the coronavirus pandemic. | | | | | | U.S. home sales increased by the most on record in June, boosted by historically low mortgage rates, but the outlook for the housing market is being clouded by low inventory and high unemployment amid the COVID-19 pandemic. | | | | | | Canadian convenience store operator Alimentation Couche-Tard Inc , Japanese peer Seven & i Holdings Co and private equity firm TDR Capital are preparing to submit rival bids this week for Marathon Petroleum Corp's gas station network Speedway, according to people familiar with the matter. | | | | | | United Airlines' chief executive said on Wednesday that lessons learned about preventing the spread of COVID-19, including wearing masks, will underpin a recovery in travel demand and called airplanes "a uniquely safe environment." | | | | | | Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic. | | | | | |
