What's News: Business & Finance -- WSJ
25 Juli 2020 - 9:02AM
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 25, 2020).
Goldman Sachs reached a $3.9 billion settlement with Malaysia
over the firm's role in the alleged theft of billions of dollars
from government investment fund 1MDB.
Oil-field services giant Schlumberger is cutting about 21,000
jobs as oil producers slash spending amid a historic drop in
prices.
Former Bridgewater co-CEO Murray filed suit against the firm,
alleging it is withholding an estimated $20 million to $100 million
in deferred compensation.
Bridgewater has laid off several dozen employees across the
company this month.
Airbus agreed with Spain and France to change some
financial-support agreements, in a bid to end a trade dispute with
the U.S.
NRG agreed to buy rival electricity firm Direct Energy for $3.6
billion, marking one of the energy sector's largest deals so far
this year.
U.S. stocks fell on Friday. All three major indexes posted
losses for the week as shares of some tech heavyweights
faltered.
McDonald's will require all U.S. customers to wear masks in its
stores beginning next month.
(END) Dow Jones Newswires
July 25, 2020 02:47 ET (06:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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