News Highlights: Top Company News of the Day
TikTok Deal Faces Questions Over Security, Ownership
An emerging deal to make China's popular TikTok app a U.S.-based
company stands to reshape the social-media landscape, even as
questions persisted Sunday over security concerns and ownership of
the new company.
Trump Signs Off on Deal Allowing TikTok to Continue U.S. Operations
The popular Chinese-owned video-sharing app TikTok will partner
with Oracle and Walmart to become a U.S.-based company after
negotiations that stirred debate over national security and the
future of the internet.
Auto Supplier Garrett Motion Files for Chapter 11
Garrett Motion proposed a $2.1 billion sale of the business to
private-equity firm KPS Capital Partners.
European Banks Consider Mergers for Survival
Banks in Europe are facing a prolonged era of low interest
rates, a gloomy economic outlook and souring loans that are
expected to rise.
Decision Time Looms for Biotech's Riskiest Bet
An offshoot of Bristol-Myers Squibb's acquisition of Celgene
will soon pay off $7 billion or go bust.
Travel CFOs Hesitant on Forecasts as Pandemic Fogs Outlook
Finance chiefs at travel companies are struggling to plan ahead
despite a recent pickup in bookings, as the coronavirus continues
to spread and a vaccine is still months, if not years, away.
Alibaba, Tencent Kick the Tires on a New Idea-Keeping China's Jalopies on the Road
China's big tech companies are circling the auto-repair business
in a bid to capture the boom in vehicle maintenance as the
country's vast car fleet begins to age.
McDonald's Former CEO Says He Should Keep His Multimillion-Dollar Severance
Steve Easterbrook said in a court filing that he complied with
all the terms of his separation agreement with McDonald's and it
shouldn't be allowed to claw back his multimillion-dollar severance
Snowflake's Early Investors Rewarded For Contrarian Bet
Snowflake is the most highly valued software IPO ever based on
its market capitalization at the time of the offering, as well as
the largest IPO this year based on the offering size, according to
IPO researcher and exchange-traded fund provider Renaissance
Former Head of Cyber-Fraud-Detection Startup NS8 Arrested on Fraud Charges
Adam Rogas was arrested in Nevada in connection with alleged
securities fraud. Justice Department officials said he created tens
of millions of dollars in fictitious revenue and assets on
financial statements provided to investors of NS8.
(END) Dow Jones Newswires
September 21, 2020 01:15 ET (05:15 GMT)
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