News Highlights: Top Company News of the Day
Goldman Sachs to Name New Heads of M&A
Goldman's three merger heads are stepping aside as the firm
looks to pass a key business to the next generation.
HSBC Stock Hits 25-Year Low
Shares in HSBC slumped after news articles detailed "suspicious
activity reports" filed by it and other major banks to U.S.
authorities, putting fresh pressure on a stock that has already
dropped sharply this year.
Nikola Taps Outside Supplier to Provide Batteries in Contrast With Earlier Company Statements
Electric-truck maker Nikola is turning to an outside supplier to
provide batteries for its first semi-truck model, a contrast to the
company's earlier statements that it has developed its own battery
Sequencing Firm Illumina to Pay $7.1 Billion for Liquid-Biopsy Firm Grail
The purchase in cash and stock of Grail, a developer of a
long-sought blood test that promises to detect cancer early, will
be Illumina's biggest acquisition.
Royal Caribbean, Norwegian Outline How They Plan to Cruise Safely
The cruise operators have submitted more than 70 recommendations
to federal regulators as to how they plan to protect people on
their ships should they get the go-ahead to resume operations in
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations
The electric-truck startup's founder and executive chairman is
stepping down with immediate effect in the wake of allegations from
a short seller that he and the company had made false statements to
Bonds Tied to Hotels, Retail Properties Struggle to Recover
Some sectors of the commercial mortgage-backed-securities market
have struggled to recover as the pandemic's effects linger.
Informa Cuts Revenue Forecast
Informa lowered its full-year revenue forecast after reporting a
first-half loss but said it can return to generating cash from
January, despite delaying the start of its events program
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.
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.
(END) Dow Jones Newswires
September 21, 2020 09:15 ET (13:15 GMT)
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