TikTok Continues to Seek Delay in Sale Deadline

A petition filed by ByteDance says the U.S. government's decision to force a TikTok deal was "arbitrary and capricious" and denied the company due process under the law. 


 
Alibaba Sets 'Singles Day' Sales Record

Chinese technology company, under a cloud of regulatory pressure, raked in $75.1 billion in sales during China's biggest annual online sales bonanza. 


 
Kodak Says Ex-Executives Sold Stock Options They Didn't Own

Eastman Kodak said five former executives were able to collect millions of dollars by selling stock options they didn't own, an admission set to add to scrutiny the company faces over the circumstances surrounding a halted U.S. loan. 


 
Revlon Nets Additional Bondholder Support for Restructuring

The cosmetics maker additional bondholders are supporting its debt-restructuring offer but delayed a decision on whether there is enough participation to close the proposed deal and avoid bankruptcy 


 
Apple's Biggest Chip Gamble Yet

With its star having dimmed in Apple's firmament, the Mac might seem safe for the company to shake up. But there is still some risk to messing with a 36-year-old business. 


 
Agricultural Giant Louis Dreyfus to Sell Major Stake to Abu Dhabi State Firm

Billionaire heiress Margarita Louis-Dreyfus agreed to sell a 45% indirect stake in Louis Dreyfus, the agricultural merchant that has borne her family's name for almost two centuries, to a holding company in the United Arab Emirates. 


 
GE Disbands Corporate Audit Program

General Electric is disbanding its Corporate Audit Staff program, a rigorous multiyear rotation through various divisions that the conglomerate has long used to groom future leaders. 


 
U.K. Proposes New Powers to Curb Foreign Takeovers of Strategic Companies

New legislation would bolster the British government's powers to block foreign takeovers, the latest country to follow the U.S. in trying to shield companies deemed important to national security. 


 
Masayoshi Son Again Pulled Softbank From the Brink. This Time He Had Help.

The world's largest and most unpredictable technology investor was coached out of the crisis by hedge fund Elliott Management, a major shareholder, and is sitting on a $60 billion cash pile. Now it's Elliott's turn to worry. 


 
London Landlords Will Work Harder for the Rent

The death of the office has been greatly exaggerated, at least in Central London. But tenants are becoming higher-maintenance, in a trend that could out last Covid-19.

(END) Dow Jones Newswires

11-11-20 1315ET