News Highlights: Top Company News of the Day
September 28 2020 - 11:30PM
Dow Jones News
LVMH Countersues Tiffany Over Merger
The French luxury-goods conglomerate says the damage the U.S.
jeweler's business has suffered during the pandemic invalidates
their $16 billion deal.
U.S. Likely Exceeded Authority in TikTok Ban, Judge Says
Banning downloads while the court fight continues would harm the
video-sharing app's business, a federal judge said, ruling that the
Trump administration's curbs likely went beyond the bounds of a
national security law.
Japan's Top Mobile Provider to Be Fully Acquired by Parent
NTT Docomo said it planned to return to 100% control by its
parent, Nippon Telegraph and Telephone, in a deal expected to cost
the parent nearly $40 billion.
United Trims Furlough Plans
The carrier said a deal with pilots has reduced planned layoffs
to about 12,000 if more federal aid isn't arranged this week.
Inovio Covid-19 Vaccine Trial Placed on Hold After FDA Questions
A planned later-stage trial for a Covid-19 vaccine from Inovio
Pharmaceuticals is on hold, after U.S. health regulators raised
questions.
Ransomware Attack Hits Universal Health Services
A malicious software attack crippled computers at one of the
nation's largest hospital chains and led it to cancel some
surgeries and divert some ambulances.
Microsoft Office 365, Azure Cloud Disrupted by Service Issues
Microsoft on Monday suffered disruptions with its Office 365
workplace software tools and its Azure cloud that disabled some
users for hours.
Hertz CFO Steps Down After Less Than Two Months, Forfeits Bonus
Hertz Global Holdings named its second finance chief in as many
months, as the troubled car-rental company navigates a tumultuous
bankruptcy process.
How Caesars' Wager on Sports Betting Could Pay Off Big
By buying U.K. stalwart William Hill, the casino operator can
increase its exposure to a U.S. growth market without paying over
the odds.
Disney Sells Ad-Tech Firm TrueX to Gimbal
Gimbal wants TrueX's technology to go after the 'addressable-TV'
market, where different ads are shown to different households.
Gimbal paid less than $100 million for the company.
(END) Dow Jones Newswires
September 28, 2020 23:15 ET (03:15 GMT)
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