News Highlights: Top Company News of the Day
September 24 2020 - 9:30PM
Dow Jones News
Palantir Expected to Be Valued at Nearly $22 Billion in IPO
Palantir Technologies is expected to fetch a lofty valuation in
its transition to a public company despite an unusually aggressive
governance structure, in the latest sign of investors' voracious
appetite for new shares.
BMW Settles SEC Charges Over Sales Disclosures for $18 Million
The regulator found that the Munich-based auto maker had
provided inaccurate information regarding its U.S. retail sales
while raising roughly $18 billion from bond investors.
Costco's Sales Get Another Boost From Pandemic Buying
After stockpiling early in the pandemic, Americans continue to
turn to Costco Wholesale to buy bulk quantities of groceries and
cleaning supplies.
Adobe Freshens Up Its PDF for Mobile
Known as Liquid Mode, the app update mimics a mobile-web
experience, with text and dimensions that easily adjust to a tiny
screen.
Facebook Tightens Rules for Employee Discussions in Internal Groups
Facebook will train and require employees to moderate internal
discussion groups devoted to politics, social causes and other
topics unrelated to company business as part of its effort to curb
internal debate around divisive issues.
Amazon Event: Tech Titan Unveils New Home Drone, Speakers, Gaming Service
The company's product event focuses on smart-home technology and
security as more people stay indoors during the coronavirus
pandemic.
Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff
The London-based operator of offshore oil-and-gas drilling rigs
has settled multibillion-dollar litigation over its 2014 spinoff of
Paragon Offshore, a critical step in Noble's path to exiting
bankruptcy.
California's Ban on New Gas Cars Further Upends Auto Industry
California's decision to ban sales of new conventional vehicles
starting in 2035 shows how regulators' aggressive emission targets
are forcibly reshaping an industry that is struggling to keep its
customers on board.
U.S. TikTok Ban Faces Fast-Track Court Review
A federal judge gave the Trump administration until Friday
afternoon to postpone a fast-approaching ban on U.S. downloads of
the Chinese-owned video-sharing app TikTok, or defend the policy in
a court hearing this weekend.
Blue Cross Group Settles Antitrust Case for $2.7 Billion
The agreement that the insurance group has negotiated would also
require it curb practices that allegedly limited competition among
its 36 member companies, according to people with knowledge of the
matter.
(END) Dow Jones Newswires
September 24, 2020 21:15 ET (01:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.