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News Highlights: Top Company News of the Day

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09/17/2020 | 11:16pm EDT
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.

 
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.

 
Apple to Launch Online Store in India on Sept. 23 
 

Apple Inc. will launch an online store in India on Sept. 23 as the tech titan bids to expands its footprint in a major market.

 
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.

 
Judge Rejects Hertz's 'Offensive' Bankruptcy Bonuses 
 

"It seems offensive to give senior executives bonuses when they were paid" retention compensation immediately before the bankruptcy was filed, Judge Mary Walrath said Thursday in U.S. Bankruptcy Court in Wilmington, Del.

 
Snowflake CEO Slootman Scores IPO Hat Trick With Big Bet on Data 
 

With Snowflake's supercharged IPO this week, Chief Executive Frank Slootman has achieved a rare investment trifecta: delivering three of the hottest tech public stock offerings of their time.

 
 


Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -2.55% 115.98 Delayed Quote.57.98%
FACEBOOK INC -1.70% 261.4 Delayed Quote.27.36%
GNC HOLDINGS, INC. -7.38% 0.074 Delayed Quote.0.00%
HARBIN PHARMACEUTICAL GROUP CO., LTD. -2.30% 3.4 End-of-day quote.-10.29%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 0.15% 433.6 Real-time Quote.4.37%
SNOWFLAKE INC. 1.76% 246.78 Delayed Quote.0.00%
UNITED PARCEL SERVICE, INC. -1.34% 172.1 Delayed Quote.47.02%
WALMART INC. -1.22% 142.95 Delayed Quote.20.29%
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