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08/14/2020 | 03:16am 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.

 
Novavax Inks Covid-19 Vaccine Deal With U.K. for 60 Million Doses 
 

Novavax has agreed to provide 60 million doses of its coronavirus vaccine to the U.K. for an undisclosed sum, as countries move to secure supplies of the shots.

 
Daimler Settles U.S. Diesel Claims 
 

Daimler will pay around $2.2 billion to settle a U.S. class action and civil and environmental claims related to diesel emissions.

 
The Japanese Elevator That's Ready to Climb 
 

Elevator maker Fujitec is a case study of a cheap Japanese company that's under outside pressure to overhaul. Improvements could mean huge rewards.

 
Citigroup Pays Revlon Lenders Nearly $900 Million by Mistake 
 

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

 
Trump Administration Criticizes New Fannie Mae, Freddie Mac Mortgage Fee 
 

The administration criticized a move by the mortgage-finance companies to charge a new fee on certain mortgages, saying it would harm consumers.

 
'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.

 
Former Hertz CEO Agrees to Settle Claims Tied to Accounting Misconduct 
 

The former chief executive of Hertz Global Holdings agreed to pay nearly $2.2 million to settle claims that he pressured subordinates to "find money" to meet financial targets, causing employees to violate accounting rules, according to regulators.

 
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.

 
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.

 
 

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%
CITIGROUP INC. 1.63% 43.11 Delayed Quote.-46.04%
DAIMLER AG 1.96% 46.95 Delayed Quote.-6.76%
FREDDIE MAC -1.55% 1.91 Delayed Quote.-36.41%
HERTZ GLOBAL HOLDINGS, INC. -1.77% 1.11 Delayed Quote.-92.95%
NOVAVAX, INC. 0.37% 108.35 Delayed Quote.2,622.36%
REVLON, INC. -3.66% 6.32 Delayed Quote.-70.49%
WIRECARD AG 2.13% 0.7929 Delayed Quote.-99.28%
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