Google, Twitter and Facebook CEOs Threatened With Subpoena
A GOP-led Senate committee scheduled an Oct. 1 vote to subpoena testimony about tech companies' legal immunity. Democrats call the move election-year intimidation.
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.
Covid-19 Vaccine From Novavax to Begin Phase 3 Trial in U.K.
The company said it has started a final-stage, 10,000-person study of its experimental Covid-19 vaccine in the U.K.
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.
Parts Maker for Boeing 737 MAX Files for Bankruptcy
Impresa Aerospace, a parts maker involved in the manufacture of Boeing's 737 MAX airliners, has filed for bankruptcy protection after losing revenue due to the aircraft's grounding in the wake of two fatal crashes.
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.