SEC Probing Kodak Loan Disclosure, Stock Surge
The Securities and Exchange Commission is investigating the circumstances around Eastman Kodak's announcement of a $765 million government loan to make drugs at its U.S. factories, according to people familiar with the matter.
Justice Department Seeks as Much as $18.1 Billion From Purdue Pharma
The Justice Department is seeking as much as $18.1 billion from bankrupt opioid maker Purdue Pharma, new filings show, a demand that could disrupt the company's monthslong effort to reach a settlement with states and local communities that accuse it of helping fuel the opioid crisis.
Walmart Health-Care Executive to Depart
Sean Slovenski, who leads Walmart's health-care ambitions, is leaving the company, people familiar with the matter said, as the retail behemoth navigates the operational complexity of the coronavirus pandemic.
Microsoft CEO Nadella Wades Into U.S.-China Tensions in TikTok Pursuit
Merger deals are rarely simple. But Microsoft's CEO now is attempting to ink a takeover agreement that satisfies not only both the companies and their shareholders, but two governments in bitter competition for technological clout.
Insurers Report Mixed Results From Covid-19
Two giant sellers of insurance to consumers-Allstate and Prudential Financial-reported results that reflected the far-ranging impact of Covid-19.
TWC Tech, SPAC Backed by Former KKR Executives, Files for IPO
TWC Tech Holdings II Corp., a so-called blank-check company backed by former KKR & Co. executives Adam Clammer and Jamie Greene, is trying to raise some $525 million through an initial public offering and private placement, according to a securities filing.
Blackstone Joins Clearlake and Insight in Backing Software Maker Diligent
Blackstone Group is joining investors in Diligent in a deal that values the maker of corporate-governance software at north of $4 billion.
TikTok Standoff Raises Fear of Retaliation Against U.S. App Developers
Digital companies making inroads in China could face heat should Beijing respond in kind to U.S. tactics.
Novavax Covid-19 Vaccine Produces Positive Results in First-Stage Study
Novavax said its experimental coronavirus vaccine induced promising immune responses and was generally well-tolerated in healthy adults in the first human study of the shot.
Lack of Crowds Pummels Media Giants: Earnings at a Glance
The pandemic's effects on theme parks and sporting events hammered media company results, but strategic moves have helped others navigate the changes.
