News Highlights: Top Company News of the Day
September 25 2020 - 3:15PM
Dow Jones News
Google Parent Agrees to Sweeping Workplace Changes in Settlement of Sexual Harassment Suits
Google's parent announced workplace changes including forbidding
romantic relationships between bosses and subordinates and put $310
million into a diversity and inclusion fund in a settlement of
shareholder suits Friday.
Boeing Board Accused of Lax Oversight Amid 737 MAX Crisis
A shareholder lawsuit that cites internal company documents
alleges that the plane maker failed to properly oversee
management's responses to two fatal crashes and safety problems in
the aircraft involved.
Apple Suspends Commissions for Apps Offering Paid Online Events Due to Coronavirus
The announcement follows Facebook confirming that Apple approved
its request to exempt businesses hosting live online events through
its app from being required to pay a cut of sales to Apple.
Remington Bet Pits Franklin Against Sandy Hook Families
Franklin Resources made a big bet on gun maker Remington that
cost its investors hundreds of millions of dollars. Now, a way out
of the trade has drawn the investment manager into conflict with
families of the Sandy Hook shooting victims.
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.
California Pizza Kitchen Nears Bankruptcy Deal With Creditors
The restaurant chain is close to a settlement with its unsecured
creditors that clears a path for the business to sell itself or
hand over ownership to lenders.
Caesars, Apollo Make Takeover Approaches for U.K.'s William Hill
British bookmaker William Hill said it had received takeover
proposals from Caesars and Apollo, the latest sign of growing
interest in the U.S. sports-gambling market.
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.
(END) Dow Jones Newswires
September 25, 2020 15:00 ET (19:00 GMT)
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