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News Highlights: Top Company News of the Day

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09/21/2020 | 04:16am EDT
HSBC, StanChart Hit by Reports of Illicit Activity 
 

Shares of HSBC and Standard Chartered dropped in Asian trading following media reports that the two banks and others moved suspected illicit funds despite red flags about their origins.

 
European Banks Consider Mergers for Survival 
 

Banks in Europe are facing a prolonged era of low interest rates, a gloomy economic outlook and souring loans that are expected to rise.

 
TikTok Deal Faces Questions Over Security, Ownership 
 

An emerging deal to make China's popular TikTok app a U.S.-based company stands to reshape the social-media landscape, even as questions persisted Sunday over security concerns and ownership of the new company.

 
Trump Signs Off on Deal Allowing TikTok to Continue U.S. Operations 
 

The popular Chinese-owned video-sharing app TikTok will partner with Oracle and Walmart to become a U.S.-based company after negotiations that stirred debate over national security and the future of the internet.

 
Auto Supplier Garrett Motion Files for Chapter 11 
 

Garrett Motion proposed a $2.1 billion sale of the business to private-equity firm KPS Capital Partners.

 
Decision Time Looms for Biotech's Riskiest Bet 
 

An offshoot of Bristol-Myers Squibb's acquisition of Celgene will soon pay off $7 billion or go bust.

 
Travel CFOs Hesitant on Forecasts as Pandemic Fogs Outlook 
 

Finance chiefs at travel companies are struggling to plan ahead despite a recent pickup in bookings, as the coronavirus continues to spread and a vaccine is still months, if not years, away.

 
Alibaba, Tencent Kick the Tires on a New Idea-Keeping China's Jalopies on the Road 
 

China's big tech companies are circling the auto-repair business in a bid to capture the boom in vehicle maintenance as the country's vast car fleet begins to age.

 
McDonald's Former CEO Says He Should Keep His Multimillion-Dollar Severance 
 

Steve Easterbrook said in a court filing that he complied with all the terms of his separation agreement with McDonald's and it shouldn't be allowed to claw back his multimillion-dollar severance package.

 
Snowflake's Early Investors Rewarded For Contrarian Bet 
 

Snowflake is the most highly valued software IPO ever based on its market capitalization at the time of the offering, as well as the largest IPO this year based on the offering size, according to IPO researcher and exchange-traded fund provider Renaissance Capital.

 
 


Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED -2.52% 304.69 Delayed Quote.43.65%
GARRETT MOTION INC. 1.85% 3.75 Delayed Quote.-62.46%
HSBC HOLDINGS PLC 0.17% 324.55 Delayed Quote.-45.17%
KPS AG -1.14% 4.35 Delayed Quote.-39.83%
MCDONALD'S CORPORATION -0.91% 213 Delayed Quote.7.79%
SNOWFLAKE INC. -5.97% 250.02 Delayed Quote.0.00%
STANDARD CHARTERED PLC 1.97% 351.8 Delayed Quote.-50.62%
TENCENT HOLDINGS LIMITED -2.31% 591 End-of-day quote.57.35%
WALMART INC. -0.84% 138.75 Delayed Quote.16.75%
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