News Highlights: Top Company News of the Day
September 25 2020 - 5:30PM
Dow Jones News
Johnson & Johnson's Covid-19 Vaccine Produced Immune Response
The findings from an early-stage trial add detail to J&J's
recent announcement that the trial's results were positive and
support the drugmaker's decision to start a larger study.
Drugmaker Mallinckrodt Nears Bankruptcy Filing Over Opioid Suits
Mallinckrodt is preparing to file for bankruptcy as soon as
within weeks, setting up a potential battle with state and local
governments over the drugmaker's alleged role in fueling opioid
addiction in the U.S.
Citigroup Names Next Controller, Accounting Chief
Citigroup said Jeff Walsh would retire as interim controller and
chief accounting officer and named Johnbull Okpara as his
successor.
U.S. Asks Judge to Allow WeChat Ban to Proceed
The Trump administration asked a California judge to let a ban
on Chinese-owned app WeChat to proceed, citing national-security
concerns about potential data collection from U.S. users of the
app.
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.
LinkedIn Introduces Stories and a Redesign to Create a Friendlier Platform
LinkedIn, the professional networking site owned by Microsoft
Corp., has rolled out a redesign and several new features,
including its own version of "stories" posts.
Apple Suspends Commissions for Apps Offering Paid Online Events
The change, effective through year end, 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.
(END) Dow Jones Newswires
September 25, 2020 17:15 ET (21:15 GMT)
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