News Highlights: Top Company News of the Day
FTC Preparing Possible Antitrust Suit Against Facebook
The case preparations come after the Federal Trade Commission
has spent more than a year investigating concerns that Facebook has
been using its powerful market position to stifle competition.
China's ByteDance to Keep Majority TikTok Stake in Oracle Deal
The proposal being reviewed by national-security regulators has
China's ByteDance retaining a majority stake in its TikTok app with
Oracle as a technology partner and minority holder in a U.S.-based
Kohl's Cuts Corporate Workforce by 15%
Affected are open roles and jobs at the company's headquarters
in Wisconsin and its New York City and California offices.
Kodak Didn't Break Law When Loan Was Announced, Panel Finds
A special committee hired by the company's board found several
governance concerns regarding the announcement of a planned $765
million loan from the U.S. government, but said none of them
violated the law.
GM Accuses Ex-Board Member of Leaking Information to Rival Fiat
A new General Motors' lawsuit claims Fiat Chrysler bribed an
ex-director in an effort to win better labor costs during union
Microsoft's Failure to Land TikTok Raises Questions Over What's Next for CEO Nadella
Microsoft CEO Satya Nadella suffered a rare defeat in his
company's failed pursuit of viral video app TikTok. That doesn't
mean he's done hunting for the tech giant's next big thing.
FedEx Logs Record Revenue on Surge in Packages
The delivery company posted the highest quarterly revenue in its
history as the coronavirus pandemic spurred residential-delivery
levels normally seen during the holiday season.
Alibaba-Backed ZTO Express Seeks Hong Kong Listing
U.S.-listed ZTO Express is seeking to raise up to US$1.56
billion in Hong Kong, joining a string of Chinese companies
obtaining a secondary listing in the city amid U.S.-China
Nasdaq Ramps Up Cloud Move
Several of Nasdaq's 28 markets in North America and Europe will
be hosted in the public cloud in about five years, with all of its
markets expected to migrate over the next decade, said Brad
Peterson, the New York-based company's chief technology and
DOJ Investigates Electric-Truck Startup Nikola
The Justice Department has joined U.S. securities regulators in
examining allegations that electric-truck startup Nikola misled
investors by making exaggerated claims about its technology.
(END) Dow Jones Newswires
September 15, 2020 23:15 ET (03:15 GMT)
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