Saudis Take Big Stakes in European Oil Companies 
 

Saudi Arabia's sovereign-wealth fund has amassed stakes worth roughly $1 billion in four major European oil companies, buying assets it perceives as undervalued in a market depressed by the coronavirus and low oil prices.

 
Disney+ Tops 50 Million Paid Subscribers Globally 
 

Walt Disney Co. reported more than 50 million paid subscribers world-wide for its Disney+ service some five months after its launch in the highly competitive streaming-platform market.

 
Costco Reports 9.6% Comparable Sales Increase in March, Short of Wall Street Projections 
 

Costco Wholesale reported a smaller-than-expected 9.6% comparable-sales increase in March, delivering a sobering reality check that sent the stock down in after-hours trading.

 
WeWork Skips Rent Payments as Coronavirus Hits Revenue 
 

The shared-office provider has stopped paying rent at some U.S. locations, in the latest sign that the co-working company is aggressively trying to cut costs as the pandemic adds to its troubles.

 
U.S. Allows Google Internet Project to Advance Only if Hong Kong Is Cut Out 
 

U.S. officials granted Google permission to turn on a high-speed internet link to Taiwan but not to the Chinese territory of Hong Kong, citing national-security concerns in a ruling that underscores fraying ties between Washington and Beijing.

 
Judge Allows Travel-Industry Deal, Rejecting U.S. Antitrust Complaint 
 

A federal judge rejected the Justice Department's challenge of a deal in which travel-booking service Sabre is seeking to acquire an industry upstart, a stinging ruling that could hamper antitrust enforcers in future cases.

 
Pandemic Hits Plane Makers, Complicates 737 MAX Return 
 

The crisis that has embroiled the world's airlines is now hitting the industry's biggest aircraft makers, Boeing and Airbus, and further challenging Boeing's efforts to return its 737 MAX to service.

 
Dow Jones CEO William Lewis to Leave Company 
 

William Lewis, who became CEO of Dow Jones and publisher of The Wall Street Journal in 2014, said he is leaving the company after being told his contract wouldn't be renewed.

 
Airbnb's Coronavirus Crisis: Burning Cash, Angry Hosts and an Uncertain Future 
 

With travel nearly at a standstill, the home-sharing giant is facing increasing losses and doubts about its planned public listing.

 
Tesla Cuts Salaries, Furloughs Workers Amid Coronavirus Crisis 
 

The electric-car maker is furloughing workers and cutting salaried employees' pay more than two weeks after it was forced to shut down production of its lone U.S. car-assembly plant.

(END) Dow Jones Newswires

April 08, 2020 21:15 ET (01:15 GMT)