News Highlights: Top Company News of the Day
TikTok Tracked User Data Using Tactic Banned by Google
TikTok skirted a privacy safeguard in Google's Android operating
system to collect unique identifiers from millions of mobile
devices, data that allows the app to track users online without
allowing them to opt out, a Wall Street Journal analysis has
Airbnb Plans to File Confidentially for IPO in August
Airbnb plans to file IPO paperwork with the Securities and
Exchange Commission later this month, laying the groundwork for a
potential listing before the end of the year, according to people
familiar with the matter.
HD Supply to Sell Its White Cap Unit to Clayton Dubilier & Rice for $2.9 Billion
The private-equity firm will combine the carved-out White Cap
business with Construction Supply Group, a Sterling Group
Court Throws Out Antitrust Ruling Against Qualcomm
A federal appeals court threw out a trial judge's antitrust
judgment against Qualcomm, ruling the federal government hadn't
shown the chip maker engaged in illegal monopolization.
Occidental: Anadarko Casts a Long Shadow
Occidental Petroleum's startling loss last quarter shows it will
take a while for the company to shift the narrative away from the
story of its outsized Anadarko acquisition.
High-Speed Trader Virtu Discloses $6.9 Million Hacking Loss
Virtu Financial is suing Axis Insurance to get the insurer to
cover the May loss, in which fake emails were used to send
fraudulent wire transfers to bank accounts in China.
Meal Kits, Mattresses In Demand Amid Pandemic: Earnings at a Glance
As Covid-19 restrictions kept more people at home, companies
that make household items from meal kits to mattresses reported
improved financial results.
Facebook Removed Nearly 40% More Terrorist Content in Second Quarter
The social-media giant culled about 8.7 million pieces of such
content during the period, up from 6.3 million in the first
quarter, crediting strides in detection.
GM Financial Chief Steps Down in Surprise Departure
General Motors Chief Financial Officer Dhivya Suryadevara will
leave the auto maker for online commerce firm Stripe, a surprising
departure for one of the auto maker's fastest-rising stars.
Kodak Insider Makes Well-Timed Stock Gift of $116 Million to Religious Charity He Started
Board member George Karfunkel's donation, made the same day
Kodak's stock peaked, will benefit a Jewish charity he started two
(END) Dow Jones Newswires
August 11, 2020 17:15 ET (21:15 GMT)
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