Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Activision Blizzard, Inc. (ATVI) Nike hikes dividend by 12%, resumes share buyback program Robinhood sued by family of 20-year-old trader who died by suicide after seeing a negative balance of $730,000 Apple hit with class action lawsuit over alleged iTunes gift card scam United Airlines warns it could lay off up to 36,000 workers, or 45% of its US staff Volkswagen fined $4.3 billion by US for diesel emissions scandal Walgreens Boots Alliance names Starbucks COO Roz Brewer as its new CEO, making her the only Black woman to lead a Fortune 500 company DoorDash raises $2.5 billion in debt ahead of expected IPO later this year Ford cuts quarterly dividend to zero, withdraws 2020 guidance due to pandemic impact Equinix Asia Pacific President Samuel Lee to Depart McDonald's reduces quarterly dividend by 68%, citing cash flow challenges amid pandemic Walmart issues $6 billion of bonds to refinance debt and fund general corporate purposes Verizon increases quarterly dividend by 2%, marking the 15th consecutive year of dividend growth Visa announces new $8 billion share repurchase program Robinhood to pay $70 million in fines, restitution over outages and misleading customers Delta to furlough nearly 2,000 pilots in October unless union agrees to cuts Jack Dorsey steps down as Twitter CEO, CTO Parag Agrawal to take over IBM appoints Arvind Krishna as new CEO, replacing Ginni Rometty Bank of America issues $2 billion of bonds to support coronavirus relief efforts DraftKings reports Q3 revenue of $133 million, up 98% year-over-year, as online sports betting rebounds Twilio reports Q3 revenue of $448.8 million, up 52% year-over-year, as cloud communications demand grows amid pandemic Netflix plans to raise $2 billion in debt to fund more content spending JPMorgan to pay $200 million to settle spoofing charges Facebook sued by FTC and 48 states for alleged anticompetitive behavior Apple sells $14 billion of bonds in six-part offering to fund dividends and buybacks Deutsche Bank fined $150 million by New York regulator for ties to Jeffrey Epstein AT&T cuts dividend by more than half after completing WarnerMedia spinoff deal with Discovery Microsoft beats on earnings and revenue, reports 22% growth in cloud business Nordstrom names Erik Nordstrom as sole CEO, ending co-presidency with brother Pete Nordstrom Uber reports Q3 revenue of $3.13 billion, down 18% year-over-year, but beats on earnings and rides Merck boosts quarterly dividend by 6.6%, marking the 11th consecutive year of dividend growth Google fined $2.7 billion by EU for antitrust violations Marriott fined $23.8 million by UK regulator for data breach affecting 339 million guests Boeing to cut more than 12,000 jobs in US, including 6,770 involuntary layoffs Equifax agrees to pay $700 million to settle class action lawsuit over 2017 data breach Boeing suspends dividend and share buybacks amid 737 Max crisis Peloton reports Q1 revenue of $757.9 million, up 232% year-over-year, as demand for its bikes and treadmills surges CTL ALERT Zhang Investor Law Announces the Filing of a Securities Class Action Lawsuit Against CenturyLink, Inc. – CTL Boeing sued by shareholders for misleading them about 737 Max safety Macy's to cut 3,900 corporate and management jobs as part of restructuring plan McDonald's fined $230 million by French authorities for tax evasion BP fined $20.8 billion by US for 2010 Gulf of Mexico oil spill BIOGEN SAYS ALL SHARE REPURCHASES UNDER 2019 SHARE REPURCHASE PROGRAM WILL BE RETIRED FORD MOTOR 1Q U.S. F SERIES SALES 214,611, UP 0.2% Amazon issues $10 billion of bonds at record low rates to fund climate initiatives Hilton to lay off 22% of its corporate workforce, or 2,100 employees, due to coronavirus impact Netflix issues $1 billion of junk bonds to fund more original content Amazon says Prime Day sales jumped 21% from last year Expedia names former Uber executive Peter Kern as new CEO Verizon sells $25 billion of bonds to help pay for 5G spectrum JPMorgan to pay $15.7 million to settle spoofing lawsuit Ford to cut jobs to strengthen European business Disney to lay off 32,000 workers as coronavirus batters its theme park business Purdue Pharma pleads guilty to federal criminal charges and agrees to pay $8.3 billion to settle opioid lawsuit Comcast sells $4 billion of bonds to refinance existing debt and fund general corporate purposes Wells Fargo resumes layoffs, plans to cut 700 more jobs as part of broader cost-cutting effort Roku reports Q3 revenue of $452 million, up 73% year-over-year, as streaming hours surge to 14.8 billion Boeing CEO Dave Calhoun gives up $3.6 million bonus after company reports record annual loss Cisco to buy back an additional $15 billion of stock Walmart announces $20 billion share buyback plan CVS Health raises dividend by 10%, authorizes new $12 billion share repurchase program Microsoft raises quarterly dividend by 9.8%, announces new $40 billion share buyback program Snapchat adds 11 million daily users in Q3, beats estimates on revenue and earnings Intel raises dividend by 5%, approves new $20 billion buyback program Amgen boosts dividend by 10%, announces new $5 billion share buyback program DoorDash reports Q3 revenue of $879 million, up 268% year-over-year, as food delivery demand remains high amid pandemic Bank of America increases quarterly dividend by 17%, following Fed's stress test results Jeff Bezos to step down as Amazon CEO, Andy Jassy to take over in Q3 Starbucks increases dividend by 10%, authorizes 50 million share buyback program Walmart fined $282 million by SEC for foreign bribery Microsoft boosts dividend by 11%, approves $60 billion buyback program