Samsung Estimates a 22.7% Rise in Second-Quarter Operating Profit 
 

Samsung Electronics Co. forecast a 22.7% rise in second-quarter operating profit, as some components manufacturers ride out the coronavirus pandemic by servicing a boom in internet use fueled by remote working.


 
SiriusXM to Buy Stitcher Podcasting Unit From Scripps 
 

Sirius XM Holdings is near a deal to buy the Stitcher podcasting unit from E.W. Scripps for around $300 million, according to people familiar with the matter.


 
U.K. Regulator Orders Big Four to Separate Audit Practices by 2024 
 

A U.K. regulator told the country's biggest professional services firms to draw up plans for separating their audit businesses by Oct. 23 and for the work to be completed by mid-2024.


 
Google, Facebook and Twitter Suspend Review of Hong Kong Requests for User Data 
 

Google, Facebook and Twitter are among tech companies that have suspended processing requests for user data from Hong Kong law-enforcement agencies following China's imposition of a national-security law on the city.


 
Nokia, Hurt by Costly 5G Chip Mistake, Struggles to Catch Huawei 
 

In the global race for 5G supremacy, Nokia bet big on the wrong computer chip. Now the Finnish giant is trying to make up market share lost to competitors, including China's Huawei.


 
Small Business Loans Helped the Well-Heeled and Connected, Too 
 

Congress designed the Paycheck Protection Program to help small businesses hit by the pandemic, but its $521 billion in loans also went to major law firms, wealth managers and politically connected companies.


 
Pier 1 Imports Gets $20 Million Offer for Branding, Online Business 
 

The home goods retailer has found a potential buyer offering more than $20 million in cash for the bankrupt company's intellectual property and e-commerce business as its brick-and-mortar operations wind down.


 
Uber to Buy Postmates for $2.65 Billion in Stock 
 

The deal combines Uber Eats and Postmates and is the latest in a flurry of consolidation moves in the food-delivery sector.


 
New Zealand Firms See Weaker Demand, Plan Staff Cuts 
 

A net 25% of the firms surveyed in the second quarter said they expect demand to weaken compared with net 13% in the first quarter.


 
Colin Kaepernick, Disney Team Up for Series on Racial and Social Injustices 
 

Colin Kaepernick and Walt Disney Co. have reached a deal that brings together the activist quarterback and the entertainment giant to produce content about the racial and social topics Kaepernick has championed.