Corporate America Worries WeChat Ban Could Hit Business

More than a dozen major U.S. multinational companies raised concerns in a call with White House officials Tuesday about the potentially broad scope and impact of Mr. Trump's executive order targeting WeChat.

 
Fatburger Owner to Acquire Johnny Rockets

Fat Brands is buying burger chain Johnny Rockets, expanding its stable of restaurant brands in a bet that casual-dining demand will bounce back from the coronavirus pandemic.

 
Hunt for Ex-Wirecard Executive Goes Public in Germany

Investigators are asking the public to help them find Jan Marsalek, the elusive former Wirecard executive who prosecutors suspect played a central role in inflating the fintech company's results by booking fake income for years.

 
Amazon Cleared for Space Launch, but Broadband Questions Remain

Its plan to spend more than $10 billion on internet-beaming satellites has industry insiders guessing about which markets the company plans to serve.

 
Search For Next Tesla Fuels Rally in Chinese Auto Stocks

Makers of plug-in vehicles have led the advance amid a recovery in car sales in China and hopes that electric vehicles will become widely adopted.

 
Covid-19 Vaccine Developer Soars in Shanghai Market Debut

Shares in China's CanSino Biologics, one of several companies racing to develop a Covid-19 vaccine, leapt on their first day of trading on a Nasdaq-style tech board in Shanghai.

 
This Summer's Only Blockbuster Is a South Korean Zombie Film

Without competition from major Hollywood films, "Peninsula" has won ticket sales across Asia, where some theaters have remained open during the coronavirus pandemic.

 
Carlsberg Warns on Profit

Carlsberg said it expects full-year organic operating profit to fall 10%-15%, and that it has decided not to start the second tranche of its buyback program.

 
Thyssenkrupp Sees Further Pain Ahead

Thyssenkrupp swung to a third quarter adjusted loss of EUR415 million after sales and orders tumbled, and said that although it's seeing signs of stabilization, further action needed to reshape its business and balance sheet will weigh on the final quarter.

 
Zurich Insurance Profit Falls 40%

Zurich Insurance reported a steep drop in first-half operating profit to $1.70 billion, and cautioned that it expects little growth this year in net earned premiums from property and casualty risk.

(END) Dow Jones Newswires

August 13, 2020 09:15 ET (13:15 GMT)

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