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News Highlights: Top Company News of the Day

09/22/2020 | 01:16pm EST
Nikola Executive Defends Business Model 
 

The electric-truck firm's finance chief said the startup's partners are staying the course despite recent allegations that investors had been misled.

 
Ford to Build Electric Cars in Canada as Part of Labor Deal 
 

The settlement, reached early Tuesday, includes a $1.5 billion investment in two Ford Motor factories-an engine plant in Windsor, Ontario, and a vehicle-assembly factory in Oakville, Ontario.

 
Ralph Lauren to Cut 15% of Workforce After Coronavirus Lockdowns Reduced Demand 
 

Ralph Lauren Corp. said it would cut its workforce by roughly 15%, reflecting a sharp drop in revenue tied to coronavirus-related store closings earlier this year and potential challenges ahead.

 
Covid-19 Can Keep AutoZone in the Fast Lane 
 

With more drivers sticking with older cars and taking on do-it-yourself repair projects, AutoZone is in the right place at the right time.

 
Amazon Restricts How Rival Device Makers Buy Ads on Its Site 
 

Some makers of smart speakers, video doorbells and other hardware have hit roadblocks buying key ads in search results. Gadgets made by e-commerce giant get the edge.

 
Wendy's, Pizza Hut Raise Concerns Over NPC Bankruptcy Sale 
 

Wendy's Co. and Pizza Hut LLC are raising concerns over their largest franchisee's effort to sell its assets, including the franchise agreements, in bankruptcy court.

 
China's Luckin Coffee Is Fined for Inflating Results 
 

China's top commerce regulator fined Luckin Coffee Inc. and dozens of companies that helped the coffee chain inflate its sales and expenses, wrapping up a monthslong investigation into the once-highflying company.

 
LVMH Is Readying Its Red Pen for Tiffany's Books 
 

Tiffany can't put a foot wrong between now and the January trial that will decide the fate of the luxury industry's biggest ever deal.

 
TikTok's Zero Hour: Haggling With Trump, Doubts in China and a Deal in Limbo 
 

After months of maneuvering over the future of TikTok, it took last-minute phone calls to persuade President Trump to sign off in principle on the outlines of an agreement to keep the app operating in the U.S. Even that outcome-an M&A deal like no other-remains uncertain.

 
Blackstone Ready to Lend After Raising Record Property Debt Fund 
 

The investment firm closed this month on the largest real-estate debt fund ever, giving it plenty of cash to lend to property investors looking to go shopping during the pandemic.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
AUTOZONE, INC. -0.12% 1194.55 Delayed Quote.0.77%
FORD MOTOR COMPANY -0.89% 11.19 Delayed Quote.27.30%
LUCKIN COFFEE INC. 25.44% 12.97 End-of-day quote.52.59%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 1.22% 508 Real-time Quote.-1.76%
NIKOLA CORPORATION 23.63% 25.64 Delayed Quote.68.02%
RALPH LAUREN CORPORATION -2.21% 107.07 Delayed Quote.5.54%
THE BLACKSTONE GROUP INC. -0.12% 64.9 Delayed Quote.0.14%
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