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News Highlights: Top Company News of the Day

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09/22/2020 | 01:16am EDT
Chinese Leaders Split Over Releasing Blacklist of U.S. Companies 
 

Beijing has sped up development of a list that could be used to punish American technology firms, but some Chinese officials are mindful of moving too aggressively and say a decision should wait until after the U.S. election.

 
Nikola Founder Resigns as Executive Chairman Amid Fraud Allegations 
 

The electric-truck startup's founder and executive chairman is stepping down with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.

 
TikTok and Oracle Spar Over Ownership, Threatening Deal 
 

The role of TikTok's Chinese owner in a newly created company pairing the app with Oracle remains a point of contention despite signs of a final agreement over the weekend.

 
Tiffany, LVMH Trial Set for Early January 
 

Tiffany sued LVMH earlier this month after the French luxury-goods company said it couldn't proceed with its $16.2 billion takeover of the U.S. jeweler.

 
Activist Trian Fund Management Takes Stake in Comcast 
 

Trian Fund Management has taken a stake in Comcast in a bet that the cable giant's shares are undervalued. Comcast is one of the biggest companies ever targeted by an activist.

 
Microsoft Buys Doom Owner in $7.5 Billion Videogaming Deal 
 

Microsoft said it would buy the parent company of videogame publisher Bethesda Softworks for $7.5 billion in cash.

 
Alibaba-Backed Courier Set to Raise Nearly $1.3 Billion From Secondary Listing 
 

U.S.-listed ZTO Express is set to raise nearly $1.3 billion ahead of its market debut in Hong Kong on Sept. 29.

 
Volkswagen in Talks to Sell Bugatti Brand to Croatian Upstart 
 

VW, whose brands range from Audi to Porsche and Skoda to Lamborghini, is discussing the possible divestment with Croatia's Rimac Automobili.

 
Senate Democrats Oppose Bonus for Purdue Pharma CEO 
 

Democratic senators are challenging the OxyContin maker's request to pay its chief executive a bonus that could total millions of dollars while the company is in bankruptcy, saying such an award would be offensive to the families harmed by the opioid crisis.

 
Chinese Hotel Group's Shares Rise in Hong Kong Debut 
 

Huazhu Group's shares extended opening gains to rise 4.7% in early trade, after raising around US$782 million in the secondary offering.

 
 


Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.19% 309.92 Delayed Quote.46.12%
AUDI AG -0.62% 1610 Delayed Quote.101.25%
COMCAST CORPORATION -0.11% 45.06 Delayed Quote.0.20%
HUAZHU GROUP LIMITED 0.18% 43.57 Delayed Quote.8.73%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 0.19% 428 Real-time Quote.3.33%
MICROSOFT CORPORATION 0.62% 216.23 Delayed Quote.37.11%
NIKOLA CORPORATION -0.79% 22.54 Delayed Quote.118.41%
PORSCHE AUTOMOBIL HOLDING SE 0.20% 50.14 Delayed Quote.-24.76%
VOLKSWAGEN AG 1.06% 139.06 Delayed Quote.-21.10%
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