News Highlights: Top Company News of the Day
Microsoft to Buy Videogame Maker ZeniMax Media for $7.5 Billion
Microsoft said it would buy the parent company of videogame
publisher Bethesda Softworks for $7.5 billion in cash.
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.
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
Bank Investors Disregard Revelations of Suspicious Activity
Why it makes sense that European bank investors have
shrugged-off revelations of possible money laundering.
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
Auditors Say They No Longer Will Inspect Labor Conditions at Xinjiang Factories
Western companies that rely on products from China's Xinjiang
region have turned to supply-chain auditing firms amid concerns
about the use of forced labor. But some auditing services are
stopping their work in the region, pointing to a lack of access and
transparency as a barrier to properly vetting labor practices.
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.
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.
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.
(END) Dow Jones Newswires
September 21, 2020 11:00 ET (15:00 GMT)
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