News Highlights: Top Company News of the Day
SAP Says Conditions Improving
SAP said business activity "gradually improved" in its second
quarter after it reported software licenses revenue, while still
below normal levels, recovered more than expected.
Wirecard Under Criminal Scrutiny in Probe of Alleged Bank Fraud
The Justice Department is examining whether scandal-plagued
German payment company Wirecard played a critical role in an
alleged $100 million bank-fraud conspiracy connected to an online
marijuana marketplace, according to people familiar with the
Bayer's Roundup Settlement Comes Up Short
The chemicals company has agreed to rework the part of its
massive settlement with plaintiffs that deals with how future
claims over its Roundup weedkiller are covered.
GM's Suit Against Rival Fiat Chrysler Quashed by Federal Judge
In a lawsuit, GM had accused its rival auto maker of bribing
union officials to gain an advantage on its labor costs.
Rio Tinto to Close New Zealand Smelter
Rio Tinto is closing its sole aluminum smelter in New Zealand by
August next year, causing the loss of about 2,600 jobs, after a
review found it wasn't financially viable.
Facebook Takes Down a Network of Accounts Tied to Roger Stone
Facebook said it had removed a network of more than 100 pages
and accounts linked to Roger Stone, the longtime confidant of
President Trump, because it violated company rules against
coordinated inauthentic behavior.
Amazon Settles Allegations of U.S. Sanctions Violations
The e-commerce giant's screening system allegedly failed to flag
transactions with blacklisted customers.
IBM Acquiring Software-Bot Maker WDG Automation
WDG Automation's software, which features
artificial-intelligence capabilities, enables businesses to
automate workplace tasks. The company, based in São José do Rio
Preto, Brazil, has more than 600 prebuilt robotic process
Bed Bath & Beyond to Close 200 Stores
The retailer posted a 49% drop in quarterly sales after the
coronavirus temporarily closed most of its stores.
Kitchen-Supply Chain Sur La Table Files for Bankruptcy
The retailer, which sells high-end cookware and offers
gourmet-cooking classes at its stores, filed for bankruptcy
protection with a buyout offer from investment firm Fortress.
(END) Dow Jones Newswires
July 09, 2020 03:15 ET (07:15 GMT)
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