A Chinese Netflix Faces SEC Probe After Short-Seller Report

China's iQiyi, a Netflix-like video-streaming company, said it was under investigation by the U.S. Securities and Exchange Commission, sending its shares plunging 12% in after-hours trading.

 
'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.

 
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.

 
Novavax Inks Covid-19 Vaccine Deal With U.K. for 60 Million Doses

Novavax has agreed to provide 60 million doses of its coronavirus vaccine to the U.K. for an undisclosed sum, as countries move to secure supplies of the shots.

 
Hapag-Lloyd Sticks to Forecast

Hapag-Lloyd posted a rise in second quarter underlying profit to EUR352 million, despite lower revenues, and said its forecast for the year remains unchanged.

 
Losses by Angeles Equity Partners Fund Raise Investor Questions

A commissioner of a Los Angeles pension plan is looking for answers regarding early losses produced by Angeles Equity Partners, a lower midmarket private-equity firm in its emerging manager program.

 
Cibolo Energy Marks Halfway Point in Investing Debut Credit Fund

Cibolo Energy Partners has invested about half of its first energy-credit fund and expects deal flow to accelerate as low oil prices and a decline in bank lending increase the need for capital in the oil and natural gas industry.

 
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.

 
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee

The administration criticized a move by the mortgage-finance companies to charge a new fee on certain mortgages, saying it would harm consumers.

 
Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct

The former chief executive of Hertz Global Holdings agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to "find money" to meet financial targets, causing employees to violate accounting rules, according to regulators.

(END) Dow Jones Newswires

August 14, 2020 09:00 ET (13:00 GMT)

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