News Highlights: Top Company News of the Day
Six Charged With Bribing Amazon Employees to Boost Third-Party Sellers
The defendants were part of groups that acted as consultants to
vendors on Amazon's marketplace, according to the indictment.
U.S. Bans Chinese Apps TikTok and WeChat, Citing Security Concerns
The Trump administration will begin restricting downloads and
use of popular Chinese-owned apps TikTok and WeChat late Sunday, in
a move U.S. officials said arose from national security concerns
but which drew objections for impinging on free-speech rights.
Citadel Securities, Quantlab Loom Over Market-Manipulation Trial
Citadel Securities and Quantlab Financial are at the center of a
criminal trial over market manipulation known as spoofing.
Swedbank Under Investigation By Swedish Regulator in New Probe
In a statement, the bank said the investigation covers the
period between Sep. 20, 2018, through Feb. 20, 2019, and relates to
the disclosure of insider information and the obligation to
establish an insider list in connection with the disclosure of
suspected money laundering within the company.
A Learning Curve for Pearson's New Boss
The incoming CEO of the education publisher will have to get to
grips with rapid shifts in how schools and universities teach as
Covid-19 forces them to do more teaching online.
Maersk Prepares Job Cuts as It Extends Reorganization
AP Moller-Maersk is undertaking a shake-up that could affect
thousands of jobs as the Danish shipping giant moves to cut costs
and simplify its business.
Auto Supplier Garrett Motion Nears Bankruptcy Sale to KPS
Garrett Motion is in talks to sell itself out of bankruptcy to a
private-equity firm, part of the auto supplier's strategy to quell
a commercial dispute over asbestos-injury payments with former
Consumers Take Retailers to Court Over Unused Gift Cards
Consumer law firms are working to help shoppers recoup the value
of unused gift cards from bankrupt retail chains, hoping to revive
court claims that might otherwise be deemed worthless.
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.
(END) Dow Jones Newswires
September 18, 2020 17:00 ET (21:00 GMT)
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