News Highlights: Top Company News of the Day
September 25 2020 - 3:30AM
Dow Jones News
Google, Twitter and Facebook CEOs Threatened With Subpoena
A GOP-led Senate committee scheduled an Oct. 1 vote to subpoena
testimony about tech companies' legal immunity. Democrats call the
move election-year intimidation.
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.
Covid-19 Vaccine From Novavax to Begin Phase 3 Trial in U.K.
The company said it has started a final-stage, 10,000-person
study of its experimental Covid-19 vaccine in the U.K.
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.
Parts Maker for Boeing 737 MAX Files for Bankruptcy
Impresa Aerospace, a parts maker involved in the manufacture of
Boeing's 737 MAX airliners, has filed for bankruptcy protection
after losing revenue due to the aircraft's grounding in the wake of
two fatal crashes.
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.
(END) Dow Jones Newswires
September 25, 2020 03:15 ET (07:15 GMT)
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