What's News: Business & Finance -- WSJ
July 08 2020 - 2:02AM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 8, 2020).
JPMorgan and BofA are in line to split between $1.5 billion and
$2.6 billion in fees for being the conduits of the government's aid
program for small businesses hit by coronavirus shutdowns,
according to an analysis of newly released data.
Airlines are preparing to cut thousands of workers and tap
government loans as a surge of coronavirus cases and fresh
government restrictions upend a nascent recovery in travel.
AMC Entertainment is nearing a restructuring deal that would
help stave off a near-term bankruptcy filing while turning down a
competing financing offer.
TikTok's Chinese maker said it would pull the app out of Hong
Kong. Meanwhile, Pompeo hinted the Trump administration was
weighing limiting U.S. users' access to the app.
Civil-rights advocates came out of a meeting with Facebook's
Zuckerberg saying they didn't make progress on their demands for
the social-media giant.
A federal judge cast doubt on Bayer's proposal to neatly resolve
all future lawsuits over the safety of its Roundup weedkiller.
U.S. stocks fell, with the Dow, S&P 500 and Nasdaq
retreating 1.5%, 1.1% and 0.9%, respectively.
New York's financial-services regulator fined Deutsche Bank $150
million for failing to properly monitor its dealings with Jeffrey
Epstein.
(END) Dow Jones Newswires
July 08, 2020 02:47 ET (06:47 GMT)
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