TikTok Strives to Settle Privacy Lawsuit as Oracle Deal Nears
Lawyers for TikTok are pushing to settle a lawsuit in Illinois alleging the video-sharing app improperly collects data from its users, many of them underage, as its Chinese parent company closes in on a deal with Oracle.
Oracle Deal With TikTok to Undergo U.S. Security Review
The Treasury Department said it would review an agreement for Oracle and others to revamp TikTok's U.S. operations with the aim of avoiding a ban of the popular video-sharing app because of its Chinese ownership.
Former Nissan Executive Greg Kelly Pleads Not Guilty at Tokyo Trial
The former Nissan executive pleads not guilty at his trial in Tokyo. He has been charged with helping Carlos Ghosn hide compensation.
Facebook Buys REI's New Headquarters as Pandemic Prompts Sale
Purchase of custom-made new headquarters near Seattle is the latest sign that big technology companies are driving commercial real estate markets during the coronavirus pandemic.
BHP Says Pandemic Weighed on CEO's Annual Bonus
BHP Group Ltd. said the coronavirus pandemic, which pushed up costs at key mines and disrupted production, had weighed on its chief executive's annual bonus.
Coronavirus Legal Fight Between Insurers and Businesses Goes Global
A U.K. court will decide whether business-interruption policies are clearly worded, Australian insurers want to know whether a 100-year-old law that no longer exists excludes the pandemic, and a French court found in favor of a restaurant owner who sued for cover over government-ordered lockdowns.
Silver Lake-Led Group Invests $650 Million in Klarna
The investment from a group led by private-equity firm Silver Lake represents a bet on a financial-technology company that has benefited from the ramped-up shift to e-commerce, and brings Klarna's valuation above $10 billion.
Covid-19 Test Maker Examines False-Positive Results in Nursing Homes
Becton Dickinson is looking into multiple reports of false-positive Covid-19 results from its Veritor test machines supplied to nursing homes at the behest of the federal government.
Lilly's Arthritis Drug Helped Covid-19 Patients Recover Faster
Eli Lilly is seeking emergency-use authorization for the arthritis drug Olumiant after a study found it accelerated the recovery of hospitalized Covid-19 patients who were also treated with Gilead's remdesivir.
Fiat Chrysler to Cut Dividend Ahead of Merger With PSA Group
Fiat Chrysler Automobiles and PSA Group changed the terms of their merger to preserve cash as the two car makers shore up their financial positions following the negative effects of the coronavirus pandemic.