Senators Ask FTC to Investigate TikTok Data Collection

Two U.S. senators have asked the Federal Trade Commission to investigate TikTok's data collection practices after a Wall Street Journal article showed that the company covertly collected data on millions of users through a method that appeared to violate Google's policies.

 
Luxury Goods Hit by Pandemic, Start to See Turnaround -- Earnings at a Glance

Luxury goods companies reported financial results, posting losses amid the Covid-19 pandemic, while also noting signs of a turnaround. Tech companies continued to fare better than most.

 
Amazon's Cloud Unit to Offer Quantum Computing From 3 Tech Companies

Fidelity Investments was among the companies involved in testing the new service, which will allow businesses to experiment with the super-fast computing.

 
'Fortnite' Is Kicked Off Apple's App Store

Removal comes after Epic Games unveiled a mobile payments system for users that will circumvent fees that Apple and Google levy on in-game purchases.

 
TikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions

If Microsoft prevails in its bid to buy TikTok's U.S. operations from Beijing-based ByteDance, the software giant is likely to have to take a more hands-on role than it has with previous acquisitions.

 
Cisco's Bellwether Status Is Fading

Network giant's selloff doesn't faze cloud and software stocks, where corporate spending is expected to be more resilient.

 
Minority Owners Pressure Dan Snyder to Sell Washington's NFL Team

The minority partners of Washington's NFL team are pressuring Dan Snyder to sell the franchise.

 
Mexico, Argentina to Produce Potential AstraZeneca Coronavirus Vaccine

Mexico and Argentina have reached agreement with AstraZeneca to produce for Latin America the Covid-19 vaccine that it is developing with Oxford University.

 
Fashion's Big Question: What to Do With All Those Unsold Clothes?

Apparel companies, from elite fashion houses to mass-market chains, are saddled with an inventory glut following monthslong closures during the pandemic. Now, they are trying to get rid of the excess without angering waste-conscious consumers-or harming their brands.

 
Executive Moves at AIG Bolster Position of Possible CEO Successor

The latest management moves at American International Group provide further signs that Peter Zaffino is positioned to succeed Chief Executive Brian Duperreault.

(END) Dow Jones Newswires

August 13, 2020 19:15 ET (23:15 GMT)

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