News Highlights: Top Company News of the Day
U.S. Likely Exceeded Authority in TikTok Ban, Judge Says
Banning downloads while the court fight continues would harm the
video-sharing app's business, a federal judge said, ruling that the
Trump administration's curbs likely went beyond the bounds of a
national security law.
United Trims Furlough Plans
The carrier said a deal with pilots has reduced planned layoffs
to about 12,000 if more federal aid isn't arranged this week.
Inovio Covid-19 Vaccine Trial Placed on Hold After FDA Questions
A planned later-stage trial for a Covid-19 vaccine from Inovio
Pharmaceuticals is on hold, after U.S. health regulators raised
How Caesars' Wager on Sports Betting Could Pay Off Big
By buying U.K. stalwart William Hill, the casino operator can
increase its exposure to a U.S. growth market without paying over
Uber Wins Back License to Operate in London After Yearslong Battle
The ride-hailing company won an appeal over the revocation of
its license in the U.K. capital, securing for now operations in one
of its biggest global markets.
Disney Sells Ad-Tech Firm TrueX to Gimbal
Gimbal wants TrueX's technology to go after the 'addressable-TV'
market, where different ads are shown to different households.
Gimbal paid less than $100 million for the company.
Recreational Vehicle Sales Rise as New Buyers Take to the Highway
Thor Industries, a large recreational-vehicle maker, finished
its latest fiscal year in July with a record-high backlog of
ArcelorMittal to Sell Steel Business in U.S. to Cleveland-Cliffs
The $1.4 billion deal comes as the world's largest steelmaker
grapples with the effect of the coronavirus pandemic on global
demand for its products.
Devon Energy, WPX to Merge in All-Stock Deal
The combination of shale drillers would have a combined market
value of about $6 billion and fortify them against the sharp drop
in oil demand caused by the Covid-19 pandemic
Container Line CMA CGM Hit by Cyberattack
French container shipping line CMA CGM SA said Monday it has
shut down some of its technology systems as it copes with a
cyberattack at two of its Asia-Pacific subsidiaries.
(END) Dow Jones Newswires
September 28, 2020 17:00 ET (21:00 GMT)
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