News Highlights: Top Company News of the Day
August 13 2020 - 11:30PM
Dow Jones News
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.
Citigroup Pays Revlon Lenders Nearly $900 Million by Mistake
The bank paid nearly $900 million by mistake to Revlon lenders
and is asking for the money to be returned, according to people
familiar with the matter.
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.
QAnon Booms on Facebook as Conspiracy Group Gains Mainstream Traction
Groups espousing conspiracy theories associated with QAnon have
exploded in popularity on Facebook and Instagram.
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.
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.
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.
'Fortnite' Kicked Off Apple and Google App Stores
Apple and Google yanked "Fortnite," one of the world's most
popular videogames, from their app stores in an escalating battle
over the fees they charge developers to distribute their software
and process in-app purchases.
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 about the potentially
broad scope and impact of Mr. Trump's executive order targeting
WeChat.
Company Fined for Importing Sweetener U.S. Says Was Made With Chinese Prison Labor
A U.S. importer has been fined $575,000 for importing powdered
food sweetener that was made by prison labor in China, in violation
of federal trade laws, the U.S. Customs and Borders Protection
said.
(END) Dow Jones Newswires
August 13, 2020 23:15 ET (03:15 GMT)
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