Apollo Board Panel to Review Leon Black Ties With Jeffrey Epstein

The law firm Dechert has been selected to examine the business dealings between the private-equity firm's CEO and the disgraced financier. 


 
Disney Denounces California's Theme-Park Reopening Plans

Disney said the strict guidance would significantly complicate the company's efforts to reopen Disneyland and criticized the government for applying inconsistent standards for different businesses in the state. 


 
Justice Department Presses to Curtail Purdue Pharma Bankruptcy Probe

The Justice Department is urging a bankruptcy judge to limit a creditor probe of OxyContin maker Purdue Pharma into the billions of dollars in profits collected by the Sackler family members who own the company. 


 
Richard Branson Targets More Funds for Satellite-Launch Venture

The space entrepreneur said Virgin Orbit, which is aiming for additional demonstration flights in the coming months after a setback earlier this year, will require roughly $200 million in additional cash infusion. 


 
Netflix Subscriber Growth Slows Amid Heightened Competition

Netflix added 2.2 million subscribers in the quarter on a net basis, short of its forecast in July of 2.5 million new subscriptions for the period. 


 
Snapchat Nears 250 Million Daily Users as Advertisers Lift Spending

Snap Chief Executive Evan Spiegel said he was pleased with the company's growth and will continue long-term investments on things including augmented reality for its app. 


 
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges

Goldman Sachs Group will pay about $2.8 billion and admit wrongdoing to end a bribery probe that stretched from Southeast Asia to Hollywood and reinforced a reputation for scandal that the Wall Street firm has spent years trying to shed. 


 
Pioneer Natural Resources to Buy Parsley Energy for $4.5 Billion

The deal is the latest in a series of combinations in the U.S. shale-oil patch, which has been hard hit by the pandemic. 


 
DOJ Files Google Antitrust Lawsuit

The Justice Department lawsuit marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond. 


 
GMC's All-Electric Hummer Pickup Highlights GM's New Strategy on EVs

The company is shifting its strategy to attract customers who have deep pockets and want to be seen riding in style.

(END) Dow Jones Newswires

10-21-20 0515ET