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08/13/2020 | 09:16pm EDT
Senators Ask FTC to Investigate TikTok Data Collection 
 

Two U.S. senators have asked the Federal Trade Commission to investigate TikTok's data collection practices after a Wall Street Journal article showed that the company covertly collected data on millions of users through a method that appeared to violate Google's policies.

 
Citigroup Pays Revlon Lenders Nearly $900 Million by Mistake 
 

The bank paid nearly $900 million by mistake to Revlon Inc. lenders and is asking for the money to be returned, according to people familiar with the matter.

 
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.

 
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.

 
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.

 
'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.

 
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.

 
Hunt for Ex-Wirecard Executive Goes Public in Germany 
 

Investigators are asking the public to help them find Jan Marsalek, the elusive former Wirecard executive who prosecutors suspect played a central role in inflating the fintech company's results by booking fake income for years.

 
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee 
 

The Trump administration criticized a move by mortgage-finance companies Fannie Mae and Freddie Mac to charge a new fee on certain mortgages, saying it would harm consumers.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.03% 1465.6 Delayed Quote.9.42%
APPLE INC. 1.51% 115.81 Delayed Quote.57.75%
ASTRAZENECA PLC 0.92% 8530 Delayed Quote.11.17%
CITIGROUP INC. 1.63% 43.11 Delayed Quote.-46.04%
EURO / ARGENTINE PESO (EUR/ARS) 0.05% 89.3996 Delayed Quote.33.19%
FREDDIE MAC -1.55% 1.91 Delayed Quote.-36.41%
MICROSOFT CORPORATION 1.48% 210.33 Delayed Quote.31.43%
REVLON, INC. -3.66% 6.32 Delayed Quote.-70.49%
US DOLLAR / ARGENTINE PESO (USD/ARS) -0.20% 76.018 Delayed Quote.27.15%
WIRECARD AG 4.16% 0.8087 Delayed Quote.-99.28%
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