News Highlights: Top Company News of the Day
October 21 2020 - 3:30AM
Dow Jones News
Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein
The law firm Dechert has been selected to examine the business
dealings between the private-equity firm's CEO and the disgraced
financier.
Netflix Subscriber Growth Slows Amid Heightened Competition
Netflix added 2.2 million subscribers in the quarter on a net
basis, short of its forecast in July of 2.5 million new
subscriptions for the period.
Disney Denounces California's Theme-Park Reopening Plans
Disney said the strict guidance would significantly complicate
the company's efforts to reopen Disneyland and criticized the
government for applying inconsistent standards for different
businesses in the state.
Justice Department Presses to Curtail Purdue Pharma Bankruptcy Probe
The Justice Department is urging a bankruptcy judge to limit a
creditor probe of OxyContin maker Purdue Pharma into the billions
of dollars in profits collected by the Sackler family members who
own the company.
Richard Branson Targets More Funds for Satellite-Launch Venture
The space entrepreneur said Virgin Orbit, which is aiming for
additional demonstration flights in the coming months after a
setback earlier this year, will require roughly $200 million in
additional cash infusion.
Snapchat Nears 250 Million Daily Users as Advertisers Lift Spending
Snap Chief Executive Evan Spiegel said he was pleased with the
company's growth and will continue long-term investments on things
including augmented reality for its app.
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion
The deal is the latest in a series of combinations in the U.S.
shale-oil patch, which has been hard hit by the pandemic.
DOJ Files Google Antitrust Lawsuit
The Justice Department lawsuit marks the most aggressive U.S.
legal challenge to a company's dominance in the tech sector in more
than two decades, with the potential to shake up Silicon Valley and
beyond.
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges
Goldman Sachs Group will pay about $2.8 billion and admit
wrongdoing to end a bribery probe that stretched from Southeast
Asia to Hollywood and reinforced a reputation for scandal that the
Wall Street firm has spent years trying to shed.
Zoom's CFO Looks to OnZoom to Grow Revenue Opportunities
Kelly Steckelberg is banking on the new events platform to boost
the company's reach and revenues. Zoom has also recently introduced
Zoom Phone and Zoom Rooms.
(END) Dow Jones Newswires
October 21, 2020 03:15 ET (07:15 GMT)
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