News Highlights: Top Company News of the Day
Intel Sees Opportunity in U.S.-China Tensions' Impact on Supply Chains
While China is a big market for the company, CEO Bob Swan said
he also aims to expand its role in 5G infrastructure as the U.S.
and other countries have limited Huawei's involvement in their
next-generation wireless networks.
Travelers Is Ready for Post-Pandemic Journey
Strong insurance pricing is helping Travelers and other insurers
overcome the pressure of superlow interest rates, but Covid-19
still looms as a major uncertainty.
Uber Weighs California Overhaul if Ballot Measure on Workers Fails
CEO Dara Khosrowshahi said only that the ride-hailing operator
is "looking at all our options" if voters in the state defeat an
effort by Uber and other companies to secure exemption from a law
classifying drivers as employees.
IBM Hopes to Double Sales at Red Hat in Next Three Years
Red Hat has been enjoying annualized growth of above 15% in
recent quarters, IBM CEO Arvind Krishna said at the WSJ Tech Live
Clearview Moves to Prevent Possible Police Abuse
The controversial startup that provides facial-recognition
technology to law enforcement is rolling out new compliance
features to prevent abuse of the technology, Chief Executive Hoan
Ton-That said Tuesday.
DOJ Files Google Antitrust Lawsuit
The lawsuit accuses the search giant of anticompetitive conduct
and marks the most aggressive U.S. legal challenge to a company's
dominance in the tech sector in more than two decades.
Google Is the Only Big Tech Priced for Trouble
The search giant has turned out to be first in the federal
government's antitrust firing line. Its big tech peers may pay a
bigger price for waiting their turn.
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges
Goldman Sachs Group will pay the U.S. government about $2.8
billion and admit wrongdoing in a Malaysian bribery scandal,
settling charges stemming from its work with a corrupt government
Intel's Deal With SK Hynix Shows Limited Space Left for Chip Makers
Intel's $9 billion deal to sell most of its memory-chip business
to the South Korean company accelerates the industry consolidation
around a ubiquitous technology component.
P&G and Reckitt Clean Up on Pandemic-Driven Hygiene
Procter & Gamble reported its biggest global sales increase
in 15 years as the world's consumers spent more to keep their homes
and themselves clean during the coronavirus pandemic. Reckitt
reported its sharpest quarterly sales growth on record, driven by
its hygiene unit.
(END) Dow Jones Newswires
October 20, 2020 15:15 ET (19:15 GMT)
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