News Highlights: Top Company News of the Day
September 25 2020 - 11:30AM
Dow Jones News
Beijing Frets Over Losing Control of TikTok as It Debates App's Fate
Chinese officials weighing an agreement to turn TikTok into a
U.S.-based company are eager to ensure that the short-video app's
Chinese owner retains control over its global operations and that
TikTok's source code remains secret.
Apple Faces Prolonged $15 Billion Tax Battle as EU Appeals
The tech giant's legal battle over a $15.2 billion tax bill will
continue, potentially for years, after the European Union appealed
a court ruling that sided with Apple.
Palantir Expected to Be Valued at Nearly $22 Billion in IPO
The data-mining-software specialist is eschewing the traditional
IPO route and going public through a direct listing. Bankers have
told investors the shares could start trading around $10
apiece.
China Evergrande Selloff Deepens as Concern Mounts Over Its Financial Health
China Evergrande's bonds and shares came under a second day of
heavy selling pressure, as investor concerns grew about the large
property developer's financial health despite its attempt to calm
such worries.
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.
Roadside Hotels Are Resting Relatively Easy During the Pandemic
These days, American travelers are taking shelter at modest
hotels situated along highways and in remote locations. Investors
should consider doing the same.
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.
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.
(END) Dow Jones Newswires
September 25, 2020 11:15 ET (15:15 GMT)
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