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News Highlights: Top Company News of the Day

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09/24/2020 | 09:16pm EDT
Palantir Expected to Be Valued at Nearly $22 Billion in IPO 

Palantir Technologies is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors' voracious appetite for new shares.

BMW Settles SEC Charges Over Sales Disclosures for $18 Million 

The regulator found that the Munich-based auto maker had provided inaccurate information regarding its U.S. retail sales while raising roughly $18 billion from bond investors.

Costco's Sales Get Another Boost From Pandemic Buying 

After stockpiling early in the pandemic, Americans continue to turn to Costco Wholesale to buy bulk quantities of groceries and cleaning supplies.

Adobe Freshens Up Its PDF for Mobile 

Known as Liquid Mode, the app update mimics a mobile-web experience, with text and dimensions that easily adjust to a tiny screen.

Facebook Tightens Rules for Employee Discussions in Internal Groups 

Facebook will train and require employees to moderate internal discussion groups devoted to politics, social causes and other topics unrelated to company business as part of its effort to curb internal debate around divisive issues.

Amazon Event: Tech Titan Unveils New Home Drone, Speakers, Gaming Service 

The company's product event focuses on smart-home technology and security as more people stay indoors during the coronavirus pandemic.

Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff 

The London-based operator of offshore oil-and-gas drilling rigs has settled multibillion-dollar litigation over its 2014 spinoff of Paragon Offshore, a critical step in Noble's path to exiting bankruptcy.

California's Ban on New Gas Cars Further Upends Auto Industry 

California's decision to ban sales of new conventional vehicles starting in 2035 shows how regulators' aggressive emission targets are forcibly reshaping an industry that is struggling to keep its customers on board.

U.S. TikTok Ban Faces Fast-Track Court Review 

A federal judge gave the Trump administration until Friday afternoon to postpone a fast-approaching ban on U.S. downloads of the Chinese-owned video-sharing app TikTok, or defend the policy in a court hearing this weekend.

Blue Cross Group Settles Antitrust Case for $2.7 Billion 

The agreement that the insurance group has negotiated would also require it curb practices that allegedly limited competition among its 36 member companies, according to people with knowledge of the matter.


Stocks mentioned in the article
ChangeLast1st jan.
ADOBE INC. -2.31% 484.77 Delayed Quote.50.38%
BMW AG 0.55% 64.11 Delayed Quote.-12.76%
COSTCO WHOLESALE CORPORATION -1.22% 373.965 Delayed Quote.28.55%
FACEBOOK INC -0.56% 276.89 Delayed Quote.35.80%
LONDON BRENT OIL 2.31% 42.68 Delayed Quote.-35.20%
PALANTIR TECHNOLOGIES INC. 2.39% 9.445 Delayed Quote.0.00%
WTI 2.64% 40.911 Delayed Quote.-35.02%
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