News Highlights: Top Company News of the Day
U.S. to Ban TikTok Downloads, Use of WeChat on Sunday
The Trump administration said it will ban downloads of TikTok
and the U.S. use of China's popular messaging and payments app
WeChat after Sunday night over national security and data privacy
The Incredible Shrinking GM: Mary Barra Bets That Smaller Is Better
The CEO streamlined a company that for decades reigned as the
world's largest auto maker. Now, she is readying for the next big
bet: electric cars.
European Luxury Companies Take $20 Bln Pandemic Hit
Famous brands lost billions in sales in the first half amid the
initial coronavirus lockdowns and fear that disruption will
continue into the second half.
Console Makers Now Have Bigger Game to Play
Microsoft and Sony have cooled their long-running price war over
videogame consoles. But that is because a much bigger contest
Volkswagen Global Sales Fall
German car maker Volkswagen said group sales declined 6.6% in
August, with only China seeing a rise in new deliveries.
Pandemic Plays Supervillain to Hollywood's $200 Million Movie Machine
Theaters need high-profile titles to attract coronavirus-wary
customers, but studios need enough willing ticket buyers to justify
releasing their costly films as planned. Both appear likely to end
the year disappointed.
EU Agrees to Buy Potential Sanofi, GSK Covid-19 Vaccine
The European Commission has signed a contract with Sanofi and
GlaxoSmithKline to secure up to 300 million doses of their
potential Covid-19 vaccine but didn't disclose financial
SoftBank Sells Brightstar, Carrying On Its Divestiture Spree
Japan's SoftBank continued a remarkable string of asset sales,
saying it is selling U.S.-based wireless-services unit Brightstar
to a private-equity firm founded by a former Brightstar
Ericsson Accelerates 5G With Cradlepoint Buy
Ericsson announced the acquisition of Cradlepoint, a U.S.-based
provider of wireless internet connectivity products, for an
enterprise value of $1.1 billion.
CaixaBank, Bankia Agree Merger Terms
The boards of CaixaBank and Bankia have approved a merger that
will create a leading Spanish domestic lender with assets of more
than EUR650 billion.
(END) Dow Jones Newswires
September 18, 2020 11:15 ET (15:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.