Apple Faces $1.4 Billion Lawsuit by Chinese AI Firm in Siri Patent Fight
An artificial-intelligence company recently awarded a Chinese patent for a voice assistant similar to Apple's Siri has filed a patent infringement lawsuit against Apple that, if successful, could prevent the American tech giant from selling many of its products in the world's second-largest economy.
Microsoft Aims for a Deal to Buy TikTok's U.S. Business
Covert talks began weeks ago on a transaction that could reshape the global tech landscape and further strain U.S.-China relations. After the software giant's CEO and President Trump spoke Sunday, Microsoft said an agreement could include the video app's operations in Canada, Australia and New Zealand.
Luxury Department Store Lord & Taylor Files for Bankruptcy
Lord & Taylor, an industry pioneer dating back nearly 200 years, filed for bankruptcy along with its owner, the venture-backed fashion-rental subscription service Le Tote.
Men's Wearhouse Parent Files for Bankruptcy
Tailored Brands, the parent company of Men's Wearhouse and Jos. A. Bank, has filed for bankruptcy after the coronavirus pandemic slashed demand for dress clothes.
HSBC Profit Slumps on Coronavirus, Trade Tensions
HSBC's net profit fell in the second quarter as the impact of the coronavirus pandemic complicated the bank's efforts to refocus on Asia while dealing with rising U.S.-China political tensions.
Siemens Healthineers to Buy Varian Medical for $16.4 Billion
Siemens Healthineers, a medical technology spinoff of the German conglomerate, said it would acquire U.S.-based Varian Medical for $16.4 billion, creating a leader in the area of cancer therapy.
SocGen Reports Another Quarterly Loss
Societe Generale vowed to cut costs in its global markets business after the lender swung to an unexpected loss of EUR1.26 billion in the second quarter, as it set aside more money for potential loan losses.
Marathon to Sell Gas-Station Chain to 7-Eleven Owners for $21 Billion
Fuel maker Marathon Petroleum agreed to sell its gas stations to the owners of the 7-Eleven convenience-store chain for $21 billion in the largest U.S. energy-related deal of the year.
SpaceX Capsule and NASA Crew Make Historic Splashdown
Two NASA astronauts returned to Earth on Sunday in a retro-style splashdown, their capsule parachuting into the Gulf of Mexico to close out an unprecedented test flight by Elon Musk's SpaceX company.
'New Normal' Emerges for Companies in Pandemic
Business executives say they are getting a better grip on what a world transformed by the coronavirus looks like, giving them more confidence to lay out new strategies.
