News Highlights: Top Company News of the Day
Meta, TikTok Could Face Civil Liability for Addicting Children in California
Social-media companies are lobbying to stop a
first-in-the-nation proposal allowing government attorneys to sue
them for features alleged to cause addiction among minors.
Musk Has Twitter's Data, but Getting Answers on Spam Accounts May Be Tougher
Elon Musk has access to the Twitter data that he said was needed
to complete his deal, but data scientists and specialists doubt the
stream will provide the conclusive answers he seeks about phony
Publisher Gives Away Books It Thinks May Help People Bridge Political Divisions
Simon & Schuster said it would let people download ebook or
audiobook versions of "High Conflict" and "Let's Talk About Hard
Things" until the end of July.
Recalled Sleep-Apnea Machines Pass Key Safety Tests, Philips Says
The Dutch healthcare conglomerate said its DreamStation One
sleep-apnea device passed safety tests conducted by independent
laboratories, but that the sound-dampening foam inside the machines
could be harmful if it enters the body.
EY Paying $100 Million to Settle Probe of Auditors Cheating on Ethics Exams
Ernst & Young agreed to pay a record $100 million fine and
to admit that some of its auditors cheated on required ethics exams
in recent years.
Ericsson's Deal to Buy Vonage Is Focus of Cfius Probe
The Committee on Foreign Investment in the U.S. is reviewing
Ericsson's proposed $6.2 billion acquisition of Vonage, Ericsson
said, adding another regulatory challenge for the Swedish
telecom-equipment giant in Washington.
Steelmakers Avoid Russian Components but Bargain Hunters Swoop In
Many European steelmakers have said they would avoid
Russia-sourced raw materials, but import volumes of some Russian
steelmaking ingredients into Europe are surging anyway.
Toshiba Shareholders Vote to Add Activist Investors to Board
Toshiba shareholders approved the company's proposal to invite
representatives from two foreign activist funds onto its board, a
move which may help speed the transition of the troubled industrial
BHP Expects to Spend $4 Billion on Emissions Reduction Through 2030
BHP Group Ltd. expects to spend roughly $4 billion on cutting
its greenhouse gas emissions through to 2030, at the top end of
earlier estimates by the company.
Thai Life Insurance Seeks to Raise More Than $1 Billion in IPO
Thai Life Insurance Co. plans to raise more than $1 billion
through an initial public offering in Thailand, which if successful
would be the country's largest such fundraising so far this
(END) Dow Jones Newswires
June 28, 2022 09:00 ET (13:00 GMT)
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