Goldman Sachs to Name New Heads of M&A

Goldman's three merger heads are stepping aside as the firm looks to pass a key business to the next generation.

 
HSBC Stock Hits 25-Year Low

Shares in HSBC slumped after news articles detailed "suspicious activity reports" filed by it and other major banks to U.S. authorities, putting fresh pressure on a stock that has already dropped sharply this year.

 
Nikola Taps Outside Supplier to Provide Batteries in Contrast With Earlier Company Statements

Electric-truck maker Nikola is turning to an outside supplier to provide batteries for its first semi-truck model, a contrast to the company's earlier statements that it has developed its own battery technology.

 
Sequencing Firm Illumina to Pay $7.1 Billion for Liquid-Biopsy Firm Grail

The purchase in cash and stock of Grail, a developer of a long-sought blood test that promises to detect cancer early, will be Illumina's biggest acquisition.

 
Royal Caribbean, Norwegian Outline How They Plan to Cruise Safely

The cruise operators have submitted more than 70 recommendations to federal regulators as to how they plan to protect people on their ships should they get the go-ahead to resume operations in the U.S.

 
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations

The electric-truck startup's founder and executive chairman is stepping down with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.

 
Bonds Tied to Hotels, Retail Properties Struggle to Recover

Some sectors of the commercial mortgage-backed-securities market have struggled to recover as the pandemic's effects linger.

 
Informa Cuts Revenue Forecast

Informa lowered its full-year revenue forecast after reporting a first-half loss but said it can return to generating cash from January, despite delaying the start of its events program again.

 
TikTok Deal Faces Questions Over Security, Ownership

An emerging deal to make China's popular TikTok app a U.S.-based company stands to reshape the social-media landscape, even as questions persisted Sunday over security concerns and ownership of the new company.

 
Auto Supplier Garrett Motion Files for Chapter 11

Garrett Motion proposed a $2.1 billion sale of the business to private-equity firm KPS Capital Partners.

(END) Dow Jones Newswires

September 21, 2020 09:15 ET (13:15 GMT)

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