News Highlights: Top Company News of the Day
SoftBank Drops Consulting Deal With Adam Neumann
A $185 million agreement that SoftBank Group signed with the
WeWork co-founder upon his departure last year is no longer in
place, a company executive chairman said.
Kodak CEO Says Company Will Still Work on Making Drug Ingredients
Eastman Kodak's Jim Continenza defended his company's handling
of a halted $765 million U.S. loan meant to help it make the
transition amid the coronavirus pandemic, at the WSJ Tech Live
conference on Monday.
Intel Pursues $10 Billion Sale of Chip Unit
The U.S. semiconductor giant is nearing a deal to sell a
memory-chip unit to South Korea's SK Hynix for roughly $10
AT&T Chief Says Tech Giants Hold Too Much Power Over Streaming
HBO Max is gaining viewers but remains at a disadvantage to tech
companies in the streaming video market, said John Stankey, CEO of
the service's parent company who called for more scrutiny of
With Concho, ConocoPhillips Is Playing Offense
This big oil deal isn't born out of desperation.
Pakistan Drops TikTok Ban After App Pledges to Police Content
Authorities in Pakistan said they would lift a ban on TikTok
after the Chinese-owned video-sharing app agreed to take down
content they deemed vulgar, indecent and immoral.
5G iPhones Pack New Surprise for Qualcomm
Apple's inclusion of millimeter wave in all iPhone 12 models
will give the chip maker an extra boost.
New Head Chosen for Warner Bros. Television Group
Channing Dungey, who has worked at Netflix and Disney, is taking
over from Peter Roth at a time when the television production
studio is undergoing a transition.
Alibaba Takes on Walmart in China With $3.6 Billion Investment in Hypermarket Chain
The e-commerce giant plans to double its stake in Sun Art Retail
Group, which operates more than 480 supermarket-department stores
in China under the RT-Mart and Auchan brands.
Hong Kong's Exchange to Hold Hearing on Ant IPO After Green Light From Chinese Regulator
The Stock Exchange of Hong Kong will hold a listing hearing
Monday to determine whether Ant Group can proceed with its planned
initial public offering in the city, people familiar with the
matter said, after the financial technology giant received a notice
from the China Securities Regulatory Commission.
(END) Dow Jones Newswires
October 19, 2020 17:00 ET (21:00 GMT)
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