Google Pledges $1 Billion in Licensing Payments to News Publishers

The Alphabet unit plans to make the payments over the next three years as it develops a product, Google News Showcase, which will be launched in Germany and Brazil. 


 
Athene, MassMutual Made Over $3 Billion Takeover Offer to American Equity

A pair of insurance companies made a bid for American Equity Investment Life Holding last month, in a bet that the small Iowa insurer's retirement-income products will continue to be popular with conservative savers. 


 
American Airlines, United to Cut 32,000 Jobs as Washington Debates Relief

The airlines will go forward for now with a total of more than 32,000 job cuts after lawmakers were unable to agree on a broad coronavirus-relief package, the airlines told employees. 


 
FAA Chief Gives Thumbs-Up to 737 MAX Fixes

Boeing got a tentative personal endorsement for fixes to its beleaguered aircraft from the head of the Federal Aviation Administration after he personally took one of the jets on a test flight. 


 
Judge Extends Shield Protecting Purdue's Sacklers From Lawsuits

A bankruptcy judge has extended until next year a shield that protects Purdue's owners from litigation, saying the buffer is needed to facilitate negotiations with states on a settlement over the opioid crisis. 


 
Brett Icahn Poised to Rejoin His Father's Firm

Carl Icahn will remain in charge of Icahn Enterprises for now, but the company will adopt a plan for his son Brett to succeed him as chairman and chief executive of its investment segment within seven years. 


 
Bayer to Cut More Costs as Farm Business Hurts

The German chemicals and pharmaceuticals company said the coronavirus pandemic would hit its crop-science business harder than anticipated as prices for various crops fell and consumption of biofuel decreased. 


 
Rolls-Royce Plans Rights, Raises New Debt

Rolls-Royce said it planned a discounted GBP2 billion rights issue and looked to secure fresh debt as part of a recapitalization package to bolster its balance sheet. 


 
Secretive High-Speed Trading Firm Hits Jackpot With TikTok

Susquehanna International Group is sitting on a stake in the app's owner, Beijing-based ByteDance, that could be worth more than $15 billion. 


 
Allstate to Lay Off 3,800 Employees

One of the U.S.'s largest insurers said it plans to lay off about 8% of its approximately 46,000 workers.

(END) Dow Jones Newswires

10-01-20 0715ET