News Highlights: Top Company News of the Day
FAA Formally Proposes Fixes for Return of Boeing's 737 MAX
U.S. air-safety regulators for the first time publicly spelled
out the full range of hardware, software, crew training and
maintenance changes they are proposing before Boeing's 737 MAX jets
will be allowed to resume flying passengers
With Potential TikTok Deal, Microsoft CEO Looks to Expand Audience
If there is one trait that would link a TikTok acquisition with
the other big deals Microsoft Chief Executive Satya Nadella has
done, it is his willingness to pay big bucks to expand the software
giant's universe of users.
Twitter Could Pay FTC Fine Over Alleged Privacy Violations
Twitter Inc. said it could pay at least $150 million to the
Federal Trade Commission related to alleged violations of a 2011
consent order for using consumers' private data in targeted
Trump Says U.S. Should Get Slice of TikTok Sale Price
President Trump confirmed Monday he is open to a deal in which
Microsoft or another U.S. company buys the video-sharing app
TikTok, but he said the government should receive payment for
clearing a purchase.
AIG Swings to Quarterly Loss
Global insurer American International Group swung to a loss for
the second quarter driven in part by substantial costs tied to the
Lord & Taylor Limps Into Bankruptcy Looking for a Suitor
The department-store chain kicked off its bankruptcy proceeding
with a full-page newspaper ad announcing its search for a new
owner, but it has little time or money to reach a deal.
Commerzbank Names New Chairman, Defying Big Investor Cerberus
German lender Commerzbank appointed former state bank executive
Hans-Jörg Vetter as its new chairman, ignoring opposition from its
second-largest shareholder, Cerberus Capital Management.
Vornado Faces Rent-Collection Challenge From Retailers
Vornado Realty Trust said it collected 72% of second-quarter
rents due to it from retailers, a performance that illustrates the
challenges retail-property owners face as the pandemic complicates
in-store shopping for many tenants.
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.
(END) Dow Jones Newswires
August 03, 2020 21:15 ET (01:15 GMT)
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