SoftBank Drops Consulting Deal With Adam Neumann

A $185 million agreement that SoftBank Group signed with the WeWork co-founder upon his departure last year is no longer in place, a company executive chairman said. 


 
Kodak CEO Says Company Will Still Work on Making Drug Ingredients

Eastman Kodak's Jim Continenza defended his company's handling of a halted $765 million U.S. loan meant to help it make the transition amid the coronavirus pandemic, at the WSJ Tech Live conference on Monday. 


 
Intel Pursues $10 Billion Sale of Chip Unit

The U.S. semiconductor giant is nearing a deal to sell a memory-chip unit to South Korea's SK Hynix for roughly $10 billion. 


 
AT&T Chief Says Tech Giants Hold Too Much Power Over Streaming

HBO Max is gaining viewers but remains at a disadvantage to tech companies in the streaming video market, said John Stankey, CEO of the service's parent company who called for more scrutiny of platform operators. 


 
With Concho, ConocoPhillips Is Playing Offense

This big oil deal isn't born out of desperation. 


 
Pakistan Drops TikTok Ban After App Pledges to Police Content

Authorities in Pakistan said they would lift a ban on TikTok after the Chinese-owned video-sharing app agreed to take down content they deemed vulgar, indecent and immoral. 


 
5G iPhones Pack New Surprise for Qualcomm

Apple's inclusion of millimeter wave in all iPhone 12 models will give the chip maker an extra boost. 


 
New Head Chosen for Warner Bros. Television Group

Channing Dungey, who has worked at Netflix and Disney, is taking over from Peter Roth at a time when the television production studio is undergoing a transition. 


 
Alibaba Takes on Walmart in China With $3.6 Billion Investment in Hypermarket Chain

The e-commerce giant plans to double its stake in Sun Art Retail Group, which operates more than 480 supermarket-department stores in China under the RT-Mart and Auchan brands. 


 
Hong Kong's Exchange to Hold Hearing on Ant IPO After Green Light From Chinese Regulator

The Stock Exchange of Hong Kong will hold a listing hearing Monday to determine whether Ant Group can proceed with its planned initial public offering in the city, people familiar with the matter said, after the financial technology giant received a notice from the China Securities Regulatory Commission.

(END) Dow Jones Newswires

10-19-20 1715ET