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News Highlights: Top Company News of the Day

09/02/2020 | 05:16am EST
Facebook Pulls Accounts Tied to Russia's Internet Research Agency 

The social-media giant said it removed recently created accounts and pages linked to a Russian group that U.S. authorities have accused of interfering in the 2016 presidential election.

TikTok Deal Talks Hit a Snag Over App's Algorithms 

Deal talks for TikTok's U.S. operations have been complicated by the key question of whether the app's core algorithms can be included as part of a deal, according to people familiar with the matter.

Intel CIO Says AI Playing a Growing Role in Chipmaker's Operations 

Intel Corp. Chief Information Officer Archana Deskus says artificial intelligence has become more critical to the semiconductor maker during the coronavirus pandemic.

Credit Suisse Faces Enforcement Proceedings Over Spying Scandal 

Switzerland's financial regulator said it had started enforcement proceedings against Credit Suisse over the physical surveillance of two bank executives last year.

Pernod Ricard Books EUR1 Bln Impairment 

Pernod Ricard, the owner of Absolut Vodka and Jameson Whiskey, booked a 1 billion euro impairment for its fiscal year as sales plunged with the shutdown of bars, events and airport liquor stores world-wide during the coronavirus pandemic.

Patreon Tops $1 Billion Valuation as Pandemic Brings Surge in Creators 

Membership platform Patreon, which enables musicians and other creators to connect with fans, has raised $90 million from investors, bringing its value to more than $1 billion, company officials said.

Bankrupt Intelsat Buys Gogo In-Flight Wi-Fi Business 

Satellite operator Intelsat continues to expand despite filing for bankruptcy earlier this year to address billions of dollars in debt, agreeing to purchase Gogo's in-flight broadband business for $400 million.

Tesla to Sell Up to $5 Billion in Stock 

The electric-vehicle maker's return to capital markets follows a 5-for-1 stock split that extended its share-price rally this year. The planned fundraising represents roughly 1% of Tesla's market capitalization.

German Parliament to Investigate Wirecard Scandal 

The probe into the government's failure to uncover the accounting fraud at the German payments group is a setback for Chancellor Angela Merkel's administration ahead of next year's general election.

Zoom Shares Jump After Company Reports Surging Demand 

The video-technology company raised its financial forecast, powered by companies with employees working from home during the coronavirus pandemic.


Stocks mentioned in the article
ChangeLast1st jan.
CREDIT SUISSE GROUP AG -1.48% 12 Delayed Quote.6.84%
FACEBOOK INC 1.28% 278.01 Delayed Quote.0.49%
INTEL CORPORATION -2.15% 55.44 Delayed Quote.13.73%
INTELSAT S.A. -1.58% 0.8454 Delayed Quote.110.82%
PERNOD RICARD -0.75% 151.95 Real-time Quote.-2.36%
TESLA, INC. 4.03% 880.8 Delayed Quote.19.98%
WIRECARD AG -44.85% 0.6 End-of-day quote.92.93%
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