News Highlights: Top Company News of the Day
Buying TikTok Is One Challenge for Microsoft. Making It Work Another.
If Microsoft swings a deal for TikTok, it would then face the
costly and complex task of assimilating the video-sharing app's
code and data.
Ex-Boeing Pilot at Center of 737 MAX Probe to Leave Southwest Airlines
A central figure in a federal criminal probe into Boeing's
development of the 737 MAX is leaving Southwest Airlines, where he
has worked as a pilot since leaving the plane maker more than two
Property Companies Hit by Pandemic, Start to See Turnaround: Earnings at a Glance
Property companies reported results, showing hits taken from the
Covid-19 pandemic -- and a turnaround as lockdowns lifted.
U.S. Broadens Attack on Chinese Internet Giants With WeChat Order
The Trump administration is widening its attack against Chinese
internet giants by targeting a social media app, WeChat, that is
used daily by ordinary Chinese but by few Americans, further
dividing the global internet.
Pacific Drilling Considers Filing for Chapter 11
The offshore oil and gas drilling contractor said it might file
for bankruptcy and it has started talks with a group of creditors
about a restructuring.
Gilead Inks Deal to Boost Production of Covid-19 Drug Remdesivir
Gilead Sciences Inc. is expanding its manufacturing network to
ramp up production of Covid-19 treatment remdesivir, and says it
will be able to meet global demand in real time starting in
Murray Energy Cleared to Poll Creditors on Chapter 11 Exit Plan
The coal company court approval to begin polling creditors on a
revised bankruptcy exit plan and firmed-up financing designed to
let it leave chapter 11 despite disruptions to its business caused
by the coronavirus pandemic.
Singapore Police Bring First Charges Linked to Wirecard
Singapore police brought their first criminal charges against an
individual linked to the suspected fraud at Wirecard AG, the
one-time German technology star that collapsed at the end of June
after admitting more than $2 billion of cash on its balance sheet
UPS Plans Hefty Holiday Fees for Large Shippers
United Parcel Service plans to impose hefty fees on big shippers
during the holiday season, reflecting the added complexity and cost
of an expected crush of online orders amid the coronavirus
Trump Executive Orders Target TikTok, WeChat Apps
President Trump issued a pair of executive orders imposing new
limits on Chinese social-media apps TikTok and WeChat, escalating
tensions with Beijing and effectively setting a 45-day deadline for
an American company to purchase TikTok's U.S. operations.
(END) Dow Jones Newswires
August 07, 2020 17:15 ET (21:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.