News Highlights: Top Company News of the Day
SiriusXM to Buy Stitcher Podcasting Unit From Scripps
Sirius XM Holdings is near a deal to buy the Stitcher podcasting
unit from E.W. Scripps for around $300 million, according to people
familiar with the matter.
U.K. Regulator Orders Big Four to Separate Audit Practices by 2024
A U.K. regulator told the country's biggest professional
services firms to draw up plans for separating their audit
businesses by Oct. 23 and for the work to be completed by
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data
Google, Facebook and Twitter are among tech companies that have
suspended processing requests for user data from Hong Kong
law-enforcement agencies following China's imposition of a
national-security law on the city.
Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei
In the global race for 5G supremacy, Nokia bet big on the wrong
computer chip. Now the Finnish giant is trying to make up market
share lost to competitors, including China's Huawei.
Small Business Loans Helped the Well-Heeled and Connected, Too
Congress designed the Paycheck Protection Program to help small
businesses hit by the pandemic, but its $521 billion in loans also
went to major law firms, wealth managers and politically connected
Pier 1 Imports Gets $20 Million Offer for Branding, Online Business
The home goods retailer has found a potential buyer offering
more than $20 million in cash for the bankrupt company's
intellectual property and e-commerce business as its
brick-and-mortar operations wind down.
Uber to Buy Postmates for $2.65 Billion in Stock
The deal combines Uber Eats and Postmates and is the latest in a
flurry of consolidation moves in the food-delivery sector.
New Zealand Firms See Weaker Demand, Plan Staff Cuts
A net 25% of the firms surveyed in the second quarter said they
expect demand to weaken compared with net 13% in the first
Colin Kaepernick, Disney Team Up for Series on Racial and Social Injustices
Colin Kaepernick and Walt Disney Co. have reached a deal that
brings together the activist quarterback and the entertainment
giant to produce content about the racial and social topics
Kaepernick has championed.
LinkedIn to Add Audio Feature to End Pronunciation Gaffes on Names
Garble no more: Platform looks to smooth first contacts by
allowing users to record their own name and add the clip to their
(END) Dow Jones Newswires
July 06, 2020 21:15 ET (01:15 GMT)
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