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News Highlights: Top Company News of the Day

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09/28/2020 | 05:15pm EDT
LVMH Countersues Tiffany Over Merger 

The French luxury-goods conglomerate says the damage the U.S. jeweler's business has suffered during the pandemic invalidates their $16 billion deal.

U.S. Likely Exceeded Authority in TikTok Ban, Judge Says 

Banning downloads while the court fight continues would harm the video-sharing app's business, a federal judge said, ruling that the Trump administration's curbs likely went beyond the bounds of a national security law.

United Trims Furlough Plans 

The carrier said a deal with pilots has reduced planned layoffs to about 12,000 if more federal aid isn't arranged this week.

Inovio Covid-19 Vaccine Trial Placed on Hold After FDA Questions 

A planned later-stage trial for a Covid-19 vaccine from Inovio Pharmaceuticals is on hold, after U.S. health regulators raised questions.

How Caesars' Wager on Sports Betting Could Pay Off Big 

By buying U.K. stalwart William Hill, the casino operator can increase its exposure to a U.S. growth market without paying over the odds.

Uber Wins Back License to Operate in London After Yearslong Battle 

The ride-hailing company won an appeal over the revocation of its license in the U.K. capital, securing for now operations in one of its biggest global markets.

Disney Sells Ad-Tech Firm TrueX to Gimbal 

Gimbal wants TrueX's technology to go after the 'addressable-TV' market, where different ads are shown to different households. Gimbal paid less than $100 million for the company.

Recreational Vehicle Sales Rise as New Buyers Take to the Highway 

Thor Industries, a large recreational-vehicle maker, finished its latest fiscal year in July with a record-high backlog of orders.

ArcelorMittal to Sell Steel Business in U.S. to Cleveland-Cliffs 

The $1.4 billion deal comes as the world's largest steelmaker grapples with the effect of the coronavirus pandemic on global demand for its products.

Devon Energy, WPX to Merge in All-Stock Deal 

The combination of shale drillers would have a combined market value of about $6 billion and fortify them against the sharp drop in oil demand caused by the Covid-19 pandemic.


Stocks mentioned in the article
ChangeLast1st jan.
ARCELORMITTAL -0.13% 12.314 Delayed Quote.-21.28%
CLEVELAND-CLIFFS INC. -0.89% 7.78 Delayed Quote.-7.38%
DEVON ENERGY CORPORATION 1.24% 8.97 Delayed Quote.-65.46%
INOVIO PHARMACEUTICALS, INC. -3.08% 11 Delayed Quote.233.33%
LONDON BRENT OIL 0.02% 42.92 Delayed Quote.-34.86%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -0.49% 430.2 Real-time Quote.3.86%
THOR INDUSTRIES, INC. 2.58% 96.19 Delayed Quote.26.22%
WILLIAM HILL 0.68% 280 Delayed Quote.48.58%
WTI 0.22% 41.496 Delayed Quote.-33.36%
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