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News Highlights: Top Company News of the Day

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09/29/2020 | 04:16pm EDT
Palantir's and Asana's Dueling IPOs to Test Direct-Listing Process, NYSE 

Both companies are poised to do direct listings on Wednesday. Only two other notable companies have done them before.

Increased Cooking at Home Lifts Sales at Frank's RedHot Maker 

Spice maker McCormick saw revenue climb this summer as stronger sales to consumers outpaced weakened demand from commercial customers during the pandemic.

JPMorgan Paying $920 Million to Resolve Market Manipulation Probes 

The settlement concludes federal investigations into the bank over manipulation of precious-metals and Treasurys markets. The fine is the largest the CFTC has ever imposed for the tactic known as 'spoofing.'

Goldman Shuffles Consumer Banking, Asset Management Executives 

A woman will run a major division at Goldman Sachs for the first time in years as CEO David Solomon continues to put his mark on the bank.

Judge Dismisses New Mexico Lawsuit Against Google Over Children's Data Privacy 

A federal court dismissed a New Mexico lawsuit alleging that Google knowingly spied on students and their families through its suite of cloud-based products for schools.

Blackstone Sets Goal to Reduce Carbon Emissions 

The investment firm has set a goal of reducing carbon emissions by 15% within the first three years of buying any asset or company across its portfolio.

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.

Microsoft Office 365, Azure Cloud Disrupted by Service Issues 

The company said problems included some users of its Outlook email services and Teams workplace collaboration suite that provides chat functionality and videoconferencing.

Ransomware Attack Hits Universal Health Services 

A malicious software attack crippled computers at one of the nation's largest hospital chains and led it to cancel some surgeries and divert some ambulances.

Memorabilia-Trading App Rally Raises $17 Million 

A New York-based app on which users can trade against vintage cars, fancy wine and baseball cards just received a cash injection from investors including Reddit's co-founder Alexis Ohanian.


Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -5.51% 1510.8 Delayed Quote.12.80%
JPMORGAN CHASE & CO. -2.81% 96.54 Delayed Quote.-30.75%
LVMH MOËT HENNESSY - LOUIS VUITTON SE -4.67% 402.15 Real-time Quote.1.12%
MICROSOFT CORPORATION -4.96% 202.68 Delayed Quote.28.52%
PALANTIR TECHNOLOGIES INC. -0.91% 10.85 Delayed Quote.0.00%
THE BLACKSTONE GROUP INC. -3.05% 50.29 Delayed Quote.-10.10%
THE GOLDMAN SACHS GROUP, INC. -3.02% 189.77 Delayed Quote.-17.47%
UNIVERSAL HEALTH SERVICES -4.51% 106.37 Delayed Quote.-25.85%
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