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News Highlights: Top Company News of the Day

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09/15/2020 | 08:16am EDT
Apple Event: New Watch, iPad Expected as iPhone Seen Coming Later 

Apple will hold its first virtual-only product reveal at 1 p.m. New York time from its headquarters. The company is expected to focus on the new Watch Series 6 and iPad Air while the newest iPhone is expected to be revealed next month.

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.

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.

Former Nissan Executive Greg Kelly Pleads Not Guilty at Tokyo Trial 

The former Nissan executive pleaded not guilty of helping hide Carlos Ghosn's compensation at the opening of his trial in Tokyo.

Lonestar Resources Reaches Deal to Restructure Under Chapter 11 

The Fort Worth, Texas, shale driller said it reached a restructuring support agreement that will eliminate roughly $390 million in debt obligations and preferred equity interests.

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.

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.

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.

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.

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.


Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -5.86% 108.66 Delayed Quote.57.09%
BECTON, DICKINSON AND COMPANY -1.36% 229.31 Delayed Quote.-14.52%
FACEBOOK INC -6.26% 263 Delayed Quote.36.82%
FIAT CHRYSLER AUTOMOBILES N.V. -0.21% 10.542 Delayed Quote.-19.93%
SILVER 1.21% 23.574 Delayed Quote.31.53%
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