News Highlights: Top Company News of the Day
Trump Says U.S. Should Get Slice of TikTok Sale Price
President Trump confirmed Monday he is open to a deal in which
Microsoft Corp. or another U.S. company buys the video-sharing app
TikTok, but said the government should receive payment for clearing
GM Tries to Revive Legal Battle With Fiat Chrysler
General Motors wants a federal judge to reconsider the tossing
of its suit against Fiat Chrysler in which it accused its rival of
bribing UAW officials to gain a competitive advantage.
Trump Fires Tennessee Valley Authority Board Members, Cites Shift to Foreign Workers
President Trump removed the chairman and another board member at
the Tennessee Valley Authority and called for firing the federally
owned utility's CEO, as he signed an order meant to protect U.S.
federal workers from displacement by foreigners
Electric-Truck Maker Lordstown Motors to Go Public in Reverse Merger
Lordstown Motors, the latest company looking to tap investor
excitement around battery-powered vehicles, said it will merge with
publicly traded DiamondPeak Holdings in a deal that aims to list it
on the Nasdaq.
Clorox Sees Pandemic Demand, Insurance Industry Hit: Earnings at a Glance
Demand for cleaning products boosted results at Clorox in the
latest quarter but stay-at-home measures continued to hit
Google to Invest $450 Million in ADT
The partnership will combine Nest hardware and services, powered
by Google's machine learning technology, with ADT's installation,
service and professional monitoring network.
Offshore Driller Fieldwood Energy Preps for Imminent Bankruptcy Filing
Fieldwood Energy, an oil driller that operates in the Gulf of
Mexico, is preparing to file for bankruptcy within days as it
grapples with the prolonged slump in commodity prices exacerbated
by the coronavirus pandemic.
GCM Grosvenor to Merge With Cantor Fitzgerald SPAC
GCM Grosvenor is merging with a special purpose acquisition
company in a deal that will take the Chicago asset manager
Inside the Microsoft Talks to Buy TikTok's U.S. Business
Covert discussions began weeks ago on a transaction that could
reshape the global tech landscape and further strain U.S.-China
relations. After the software giant's CEO and President Trump spoke
Sunday, Microsoft said an agreement could include the video app's
operations in Canada, Australia and New Zealand.
Tyson Foods Picks Former Tech Executive as New CEO
Tyson Foods will promote company President Dean Banks to chief
executive, installing a former Silicon Valley tech executive atop
the biggest U.S. meat company as it grapples with fallout from
(END) Dow Jones Newswires
August 03, 2020 15:00 ET (19:00 GMT)
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