News Highlights: Top Company News of the Day
Senators Ask FTC to Investigate TikTok Data Collection
Two U.S. senators have asked the Federal Trade Commission to
investigate TikTok's data collection practices after a Wall Street
Journal article showed that the company covertly collected data on
millions of users through a method that appeared to violate
Luxury Goods Hit by Pandemic, Start to See Turnaround -- Earnings at a Glance
Luxury goods companies reported financial results, posting
losses amid the Covid-19 pandemic, while also noting signs of a
turnaround. Tech companies continued to fare better than most.
Amazon's Cloud Unit to Offer Quantum Computing From 3 Tech Companies
Fidelity Investments was among the companies involved in testing
the new service, which will allow businesses to experiment with the
'Fortnite' Is Kicked Off Apple's App Store
Removal comes after Epic Games unveiled a mobile payments system
for users that will circumvent fees that Apple and Google levy on
TikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions
If Microsoft prevails in its bid to buy TikTok's U.S. operations
from Beijing-based ByteDance, the software giant is likely to have
to take a more hands-on role than it has with previous
Cisco's Bellwether Status Is Fading
Network giant's selloff doesn't faze cloud and software stocks,
where corporate spending is expected to be more resilient.
Minority Owners Pressure Dan Snyder to Sell Washington's NFL Team
The minority partners of Washington's NFL team are pressuring
Dan Snyder to sell the franchise.
Mexico, Argentina to Produce Potential AstraZeneca Coronavirus Vaccine
Mexico and Argentina have reached agreement with AstraZeneca to
produce for Latin America the Covid-19 vaccine that it is
developing with Oxford University.
Fashion's Big Question: What to Do With All Those Unsold Clothes?
Apparel companies, from elite fashion houses to mass-market
chains, are saddled with an inventory glut following monthslong
closures during the pandemic. Now, they are trying to get rid of
the excess without angering waste-conscious consumers-or harming
Executive Moves at AIG Bolster Position of Possible CEO Successor
The latest management moves at American International Group
provide further signs that Peter Zaffino is positioned to succeed
Chief Executive Brian Duperreault.
(END) Dow Jones Newswires
August 13, 2020 19:15 ET (23:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.