News Highlights: Top Company News of the Day
E.W. Scripps Agrees to Buy ION Media for $2.65 Billion in Berkshire-Backed Deal
E.W. Scripps agreed to buy ION Media for $2.65 billion in a move
to significantly expand the TV station owner's reach with the
backing of Warren Buffett's Berkshire Hathaway.
Chip Startup Nuvia Taps Data-Center Boom to Raise $240 Million
Nuvia, a startup developing central processing chips for data
centers, has raised $240 million in its second funding round.
Movie Theaters Are Counting on James Bond
Movie-theater operator Cineworld is still in a parlous position.
If James Bond doesn't save it in November, though, a takeover offer
might further down the road.
United to Offer Covid Testing to Some Hawaii-Bound Travelers
United Airlines will offer Covid-19 tests for a fee to
passengers flying from San Francisco to Hawaii, as airlines look to
testing as a way to reopen some destinations that have been largely
closed to travel during the pandemic.
'Fortnite' Maker, Spotify Form Advocacy Group to Push for App Store Changes
"Fortnite" maker Epic Games and other companies have forged an
alliance to pressure Apple and other app-store operators to make
changes to their marketplace rules, which the group says stifle
In Europe, Regulators Want to Cut Emissions, but Consumers Want SUVs
The EU is taking action to reduce carbon-dioxide emissions, but
the popularity of big vehicles in the region is driving them
higher, and could result in fines for auto makers.
TikTok Owner Puts Deal With Oracle, Walmart in Beijing's Hands
ByteDance is seeking approval from Beijing for the White
House-endorsed plan under new export restrictions, as Chinese state
media continue criticism.
Within3 Raises $100 Million for Communications Platform
Distancing during the pandemic has helped a startup with a
system designed to securely share medical information.
Even in a Pandemic, Venmo Tells Conned Customers to Pay Up
Venmo has fostered a compassionate public image during the
pandemic, touting the popular payments app as a way to virtually
tip out-of-work bartenders and give to hospitals. Yet it has taken
a harder line against users who ended up overdrawing their
WeWork Sells Majority Stake in China Business, Cutting Costs
The real-estate operator is selling control of its business in
China, the latest sign it is abandoning its former rapid-growth
approach and looking to reduce risk.
(END) Dow Jones Newswires
September 24, 2020 11:15 ET (15:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.