Tiffany, LVMH Trial Set for Early January 

Tiffany sued LVMH earlier this month after the French luxury-goods company said it couldn't proceed with its $16.2 billion takeover of the U.S. jeweler.

Senate Democrats Oppose Bonus for Purdue Pharma CEO 

Democratic senators are challenging the OxyContin maker's request to pay its chief executive a bonus that could total millions of dollars while the company is in bankruptcy, saying such an award would be offensive to the families harmed by the opioid crisis.

TikTok and Oracle Spar Over Ownership, Threatening Deal 

The role of TikTok's Chinese owner in a newly created company pairing the app with Oracle remains a point of contention despite signs of a final agreement over the weekend.

Microsoft Buys Doom Owner in $7.5 Billion Videogaming Deal 

Microsoft said it would buy the parent company of videogame publisher Bethesda Softworks for $7.5 billion in cash.

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 investors.

Activist Trian Fund Management Takes Stake in Comcast 

Trian Fund Management has taken a stake in Comcast in a bet that the cable giant's shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.

Volkswagen in Talks to Sell Bugatti Brand to Croatian Upstart 

VW, whose brands range from Audi to Porsche and Skoda to Lamborghini, is discussing the possible divestment with Croatia's Rimac Automobili.

Ann Taylor's Parent Gets Green Light to Sell Catherines Brand Out of Bankruptcy 

Ascena Retail Group won bankruptcy-court approval to sell the plus-size brand to FullBeauty Brands for nearly $41 million.

LA Fitness Lenders Tap Adviser for Debt Negotiations 

Lenders to the LA Fitness chain have hired a financial restructuring adviser to lead discussions with the company in an effort to avert a potential cash crunch after pandemic lockdowns rocked the gym industry.

Chinese Leaders Split Over Releasing Blacklist of U.S. Companies 

Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait till after the U.S. election.


(END) Dow Jones Newswires

September 21, 2020 19:15 ET (23:15 GMT)

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