TikTok Deal Could Challenge Microsoft CEO's Light Touch on Acquisitions
If Microsoft prevails in its bid to buy TikTok's U.S. operations from Beijing-based ByteDance, the software giant is likely to have to take a more hands-on role than it has with previous acquisitions.
Citigroup Pays Revlon Lenders Nearly $900 Million by Mistake
The bank paid nearly $900 million by mistake to Revlon lenders and is asking for the money to be returned, according to people familiar with the matter.
'Fortnite' Kicked Off Apple and Google App Stores
Apple and Google yanked "Fortnite," one of the world's most popular videogames, from their app stores in an escalating battle over the fees they charge developers to distribute their software and process in-app purchases.
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee
The administration criticized a move by the mortgage-finance companies to charge a new fee on certain mortgages, saying it would harm consumers.
Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct
The former chief executive of Hertz Global Holdings agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to "find money" to meet financial targets, causing employees to violate accounting rules, according to regulators.
Luxury Goods Hit by Pandemic, Start to See Turnaround -- Earnings at a Glance
Luxury goods companies reported financial results, posting losses amid the Covid-19 pandemic, while also noting signs of a turnaround. Tech companies continued to fare better than most.
Amazon's Cloud Unit to Offer Quantum Computing From 3 Tech Companies
Fidelity Investments was among the companies involved in testing the new service, which will allow businesses to experiment with the super-fast computing.
Mexico, Argentina to Produce Potential AstraZeneca Coronavirus Vaccine
Mexico and Argentina have reached agreement with AstraZeneca to produce for Latin America the Covid-19 vaccine that it is developing with Oxford University.
Corporate America Worries WeChat Ban Could Hit Business
More than a dozen major U.S. multinational companies raised concerns in a call with White House officials about the potentially broad scope and impact of Mr. Trump's executive order targeting WeChat.
Company Fined for Importing Sweetener U.S. Says Was Made With Chinese Prison Labor
A U.S. importer has been fined $575,000 for importing powdered food sweetener that was made by prison labor in China, in violation of federal trade laws, the U.S. Customs and Borders Protection said.
