U.S. to Ban TikTok Downloads, Use of WeChat on Sunday
The Trump administration said it will ban downloads of TikTok and the U.S. use of China's popular messaging and payments app WeChat after Sunday night over national security and data privacy concerns.
The Incredible Shrinking GM: Mary Barra Bets That Smaller Is Better
The CEO streamlined a company that for decades reigned as the world's largest auto maker. Now, she is readying for the next big bet: electric cars.
European Luxury Companies Take $20 Bln Pandemic Hit
Famous brands lost billions in sales in the first half amid the initial coronavirus lockdowns and fear that disruption will continue into the second half.
Console Makers Now Have Bigger Game to Play
Microsoft and Sony have cooled their long-running price war over videogame consoles. But that is because a much bigger contest looms.
Volkswagen Global Sales Fall
German car maker Volkswagen said group sales declined 6.6% in August, with only China seeing a rise in new deliveries.
Pandemic Plays Supervillain to Hollywood's $200 Million Movie Machine
Theaters need high-profile titles to attract coronavirus-wary customers, but studios need enough willing ticket buyers to justify releasing their costly films as planned. Both appear likely to end the year disappointed.
EU Agrees to Buy Potential Sanofi, GSK Covid-19 Vaccine
The European Commission has signed a contract with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential Covid-19 vaccine but didn't disclose financial details.
SoftBank Sells Brightstar, Carrying On Its Divestiture Spree
Japan's SoftBank continued a remarkable string of asset sales, saying it is selling U.S.-based wireless-services unit Brightstar to a private-equity firm founded by a former Brightstar executive.
Ericsson Accelerates 5G With Cradlepoint Buy
Ericsson announced the acquisition of Cradlepoint, a U.S.-based provider of wireless internet connectivity products, for an enterprise value of $1.1 billion.
CaixaBank, Bankia Agree Merger Terms
The boards of CaixaBank and Bankia have approved a merger that will create a leading Spanish domestic lender with assets of more than EUR650 billion.
