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.

 
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.

 
Microsoft Office 365, Azure Cloud Disrupted by Service Issues

The company said problems included some users of its Outlook email services and Teams workplace collaboration suite that provides chat functionality and videoconferencing.

 
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.

 
Creditors Protest Chuck E. Cheese Sale Timeline

Chuck E. Cheese's bondholders are taking aim at the tight timeline for the sale of the children's party venue, saying it could discourage outside buyers and leave the company with no choice but to sell to its top-ranking lenders.

 
Drugmaker BioShin Gets $60 Million to Tap Asia-Pacific Market

OrbiMed Advisors led the funding round for the Shanghai-based subsidiary of Biohaven Pharmaceutical, maker of Nurtec.

 
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.

 
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.

 
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.

 
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 29, 2020 03:15 ET (07:15 GMT)

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