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News Highlights: Top Company News of the Day

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08/13/2020 | 05:16pm EDT
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.

'Fortnite' Is Kicked Off Apple's App Store 

Removal comes after Epic Games unveiled a mobile payments system for users that will circumvent fees that Apple and Google levy on in-game purchases.

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.

Cisco's Bellwether Status Is Fading 

Network giant's selloff doesn't faze cloud and software stocks, where corporate spending is expected to be more resilient.

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.

Minority Owners Pressure Dan Snyder to Sell Washington's NFL Team 

The minority partners of Washington's NFL team are pressuring Dan Snyder to sell the franchise.

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.

Fashion's Big Question: What to Do With All Those Unsold Clothes? 

Apparel companies, from elite fashion houses to mass-market chains, are saddled with an inventory glut following monthslong closures during the pandemic. Now, they are trying to get rid of the excess without angering waste-conscious consumers-or harming their brands.

Executive Moves at AIG Bolster Position of Possible CEO Successor 

The latest management moves at American International Group provide further signs that Peter Zaffino is positioned to succeed Chief Executive Brian Duperreault.

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 Thursday.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.03% 1465.6 Delayed Quote.9.42%
AMERICAN INTERNATIONAL GROUP INC 0.88% 27.53 Delayed Quote.-46.37%
APPLE INC. 1.51% 115.81 Delayed Quote.57.75%
ASTRAZENECA PLC 0.78% 8529 Delayed Quote.11.17%
EURO / ARGENTINE PESO (EUR/ARS) 0.05% 89.3996 Delayed Quote.33.19%
MICROSOFT CORPORATION 1.48% 210.33 Delayed Quote.31.43%
US DOLLAR / ARGENTINE PESO (USD/ARS) -0.20% 76.018 Delayed Quote.27.15%
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