News Highlights: Top Company News of the Day
Judge Halts Trump Administration TikTok Download Ban
The federal judge's move gives the Chinese-owned app a
short-term victory as it scrambles to ensure its future while
caught in a battle of brinkmanship between global superpowers.
Kioxia Calls Off $16 Billion IPO After Huawei Fallout
The Japanese semiconductor maker called off what was to have
been one of this year's biggest stock offerings, after earlier
saying that U.S. export restrictions on China's Huawei Technologies
were hurting its business.
Commerzbank Appoints Deutsche Bank's Manfred Knof as CEO
Manfred Knof, who will take over in January, will succeed
current CEO Martin Zielke, who resigned along with Commerzbank's
chairman in July after acknowledging he had failed to sufficiently
turn around the bank.
JD Health Could Raise $3 Billion in Hong Kong Listing
UPDATED: The health-care unit of Chinese e-commerce operator
JD.com has filed an application to list in Hong Kong, in a deal
that people familiar with the situation said could raise at least
Bankrupt Gun Maker Remington Outdoor to Be Broken Up and Sold
Gun maker Remington Outdoor will be broken up and sold after a
multiday bankruptcy auction, in which seven different buyers won
the bidding for different parcels of the company's weapons and
Devon Energy, WPX in Talks to Merge
The companies are in talks to combine, according to people
familiar with the matter, in a move that could help the energy
companies weather a prolonged industry slump.
New Zealand to Seek Delay in Rio Tinto Smelter Closure
New Zealand Prime Minister Jacinda Ardern has promised her
government will negotiate a three- to five-year delay in the
closure of Rio Tinto's Tiwai Point aluminum smelter, as she
campaigns for reelection.
U.S. Sets Export Controls on China's Top Chip Maker
The U.S. action threatens to cut off SMIC, which is at the heart
of Beijing's efforts to compete in advanced technology, from
equipment used to manufacture chips.
Google Will Be Hard Habit to Break
Regulators might have legitimate concerns about Google's
dominance in search, but there is little they can do if consumers
use it anyway.
Sustainable Footwear Maker Allbirds Lands $100 Million in Funding
The Series E round was led by Franklin Templeton and values
Allbirds at $1.7 billion, according to a person familiar with the
(END) Dow Jones Newswires
September 27, 2020 23:15 ET (03:15 GMT)
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