Oracle, Walmart Aim for Big Stakes in TikTok
Backers of plans for Oracle to join with TikTok to create a new U.S. company for the video-sharing app are working on a new ownership structure aimed at alleviating U.S. concerns over Chinese control.
Moderna's Covid-19 Vaccine Study Results Could Come in Late October
A large, pivotal study of Moderna's Covid-19 vaccine could yield a preliminary answer about whether the shot works safely as early as October, though it's more likely to be November, the company's leader said.
UPS Offering Buyouts to Management Workers
The delivery giant plans the offers as Chief Executive Carol Tomé aims to trim payroll costs.
Facebook to Curb Internal Debate Over Sensitive Issues Amid Staff Discord
Facebook is moving to curb internal debate around divisive political and social topics, Chief Executive Mark Zuckerberg said, after a spate of disputes and criticism that has fueled discord among staffers.
Cohen's Point72 Settles Gender Discrimination Case
Steven A. Cohen's Point72 Asset Management recently reached a settlement with a female employee who sued the firm in 2018 alleging unfair pay practices and a pervasively sexist work environment.
LVMH Sought French Government Help in Dropping Tiffany Takeover
The luxury-goods company asked the top negotiator in France's tax talks with the U.S. for help in backing out of its agreement to take over Tiffany and was turned down.
Refund Requests Pour In for Bankrupt New York Sports Clubs Owner
The bankrupt owner of New York Sports Clubs and Lucille Roberts said it was prepared to pay out as much as $850,000 in an effort to quell a social-media-fueled backlash over its billing practices during the pandemic.
Judge Clears China's Harbin to Buy GNC
Vitamin seller GNC won court approval to sell itself to its largest shareholder, China's Harbin Pharmaceutical Group, despite national-security concerns raised by Sen. Marco Rubio.
Companies Brace for Higher Taxes After U.S. Election
A survey showed 70% of executives anticipate higher tax rates regardless of who wins to fund recent stimulus spending, tax deferrals and other types of coronavirus-related relief by the federal government.
Auto Supplier Garrett Motion Weighs Bankruptcy Over Asbestos Overhang
Auto-parts manufacturer Garrett Motion is preparing for a possible bankruptcy filing as tensions rise with former parent Honeywell International over asbestos injury payments and as sales have slumped during the Covid-19 pandemic, according to people familiar with the matter.
