July 13, 2020
Disney Says Walt Disney World Reopening Remains on Track
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.
Allstate to Acquire Rival Insurer National General for $4 Billion
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.
Banks Could Get $24 Billion in Fees From PPP Loans
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, Postmates Agree on $2.65 Billion All-Stock Deal
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.
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