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News Highlights: Top Company News of the Day

10/07/2020 | 05:15pm EST
Supreme Court Weighs Copyright Fight Between Google and Oracle 

The high court's justices seemed to look for a resolution to the multibillion-dollar battle that would retain legal protections for software code without throwing the tech industry into disarray.

Regulators Fine Citigroup $400 Million Over 'Serious Ongoing Deficiencies' 

In a consent order agreed to by the New York bank's board, the Federal Reserve faulted Citigroup for falling short in "various areas of risk management and internal controls."

Lyft Orders Up a Side Dish 

Lyft's partnership with Grubhub could turn out to be a sweet treat for the ride-sharing company's investors at a low cost.

Amazon Accused of Abusing Its Power in Rise as E-Commerce Gatekeeper 

A House antitrust panel this week zeroed in on Amazon.com and how the online retailer wields its market power in e-commerce to further strengthen its position.

Chicken-Industry Officials Indicted in Price-Fixing Probe 

Six current and former chicken-industry executives face price-fixing charges, marking an expansion of the U.S. government's antitrust prosecutions in the $65 billion poultry industry.

Eli Lilly Asks FDA to Authorize Covid-19 Antibody Drug 

The company is seeking emergency-use authorization of a treatment derived from a blood sample of one of the earliest U.S. survivors of Covid-19.

Ruby Tuesday Files for Bankruptcy Under Strain From Coronavirus 

The restaurant operator said it has filed for chapter 11 bankruptcy in a bid to reduce its liabilities as it works to recover from reduced business brought on by the coronavirus pandemic.

Venmo's New Credit Card Puts QR Codes Front and Center 

Venmo, the payments app owned by PayPal Holdings, has introduced its first physical credit card, stamped with a prominent QR code on the front.

New TikTok Twist: Investment Firm Pursues Longshot Bid 

A low-profile investment firm is trying to entice the head of TikTok's parent company with a long-shot alternative bid, as the popular video-sharing app remains caught in a standoff between the U.S. and China.

EU Signals More Antitrust Scrutiny of Tech After Broadcom Settles Dispute 

Europe's top competition official said she would make more use of injunctions after successfully forcing U.S. chip maker Broadcom to change its alleged anticompetitive practices.

(END) Dow Jones Newswires

10-07-20 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.11% 1823.76 Delayed Quote.36.16%
BROADCOM INC. 2.97% 411.68 Delayed Quote.30.27%
CITIGROUP INC. 3.61% 58.62 Delayed Quote.-26.62%
GRUBHUB INC. -1.91% 68.87 Delayed Quote.41.59%
LYFT, INC. 6.96% 46.1 Delayed Quote.7.16%
PAYPAL HOLDINGS, INC. 1.51% 217.77 Delayed Quote.101.32%
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