News Highlights: Top Company News of the Day
American Secures Larger Government Loan After Rivals Reject Cash
The airline said it would be able to borrow more than expected
from the U.S. Treasury after rivals walked away from government
loans, helping the airline shore up its cash reserves.
Apple Suspends Commissions for Apps Offering Paid Online Events
The change, effective through year-end, follows Facebook's
confirming that Apple approved its request to exempt businesses
hosting live online events through its app from being required to
pay a cut of sales to Apple.
Boeing Board Accused of Lax Oversight Amid 737 MAX Crisis
A shareholder lawsuit that cites internal company documents
alleges that the plane maker failed to properly oversee
management's responses to two fatal crashes and safety problems in
the aircraft involved.
Johnson & Johnson's Covid-19 Vaccine Produced Immune Response
The findings from an early-stage trial add detail to J&J's
recent announcement that the trial's results were positive and
support the drugmaker's decision to start a larger study.
Drugmaker Mallinckrodt Nears Bankruptcy Filing Over Opioid Suits
Mallinckrodt is preparing to file for bankruptcy within weeks,
setting up a potential battle with state and local governments over
the drugmaker's alleged role in fueling opioid addiction in the
Caesars, Apollo Size Up U.K.'s William Hill
The British bookmaker said it had received takeover proposals
from Caesars and Apollo, the latest sign of growing interest in the
U.S. sports-gambling market.
Citigroup Names Next Controller, Accounting Chief
Citigroup said Jeff Walsh would retire as interim controller and
chief accounting officer and named Johnbull Okpara as his
U.S. Asks Judge to Allow WeChat Ban to Proceed
The Trump administration asked a California judge to let a ban
on Chinese-owned app WeChat to proceed, citing national-security
concerns about potential data collection from U.S. users of the
Google Parent Agrees to Sweeping Workplace Changes in Settlement of Sexual Harassment Suits
Google's parent announced workplace changes including forbidding
romantic relationships between bosses and subordinates and put $310
million into a diversity and inclusion fund in a settlement of
shareholder suits Friday.
LinkedIn Introduces Stories and a Redesign to Create a Friendlier Platform
LinkedIn, the professional networking site owned by Microsoft
Corp., has rolled out a redesign and several new features,
including its own version of "stories" posts.
(END) Dow Jones Newswires
September 25, 2020 19:15 ET (23:15 GMT)
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