July 13, 2020
Walt Disney Co (Tii:DIS) will stick to its plans to reopen its Walt Disney World theme parks in Orlando to a limited number of guests on Saturday, the company said in a statement last Tuesday. Meanwhile, SeaWorld Entertainment (Tii:SEAS), Cedar Fair (Tii:FUN) and Six Flags Entertainment (Tii:SIX) have seen moderate traffic at their reopened parks over the last week.
U.S. insurance giant Allstate Corp. (Tii:ALL) agreed to acquire peer National General Holdings Corp. for about $4 billion in cash, expanding its reach in the personal property-liability business.
JPMorgan Chase (Tii:JPM) and Bank of America Corp. (Tii:BAC) 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 stricken by the coronavirus shutdown, according to an analysis of newly released data.
Uber Technologies (Tii:UBER) has agreed to acquire Postmates Inc. in a $2.65 billion all-stock takeover expected to be announced as soon as Monday morning in the U.S., according to people familiar with the matter.