Facebook, Google Extend Bans on Political Ads

Facebook and Google plan to continue banning political ads on their platforms for the next several weeks to prevent confusion about election results. 


 
TikTok Presses for 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. 


 
Landlords Bet on J.C. Penney Recovery As Vaccine Optimism Spreads

J.C. Penney's top landlords are betting on a comeback for department stores, some of the biggest pandemic losers, after they cleared a hurdle to buying the company out of bankruptcy. 


 
Opioid Maker Purdue Faces Growing Revolt Against Federal Deal

California, New York and other states are revolting against the U.S. Justice Department's proposed settlement with OxyContin maker Purdue Pharma, which is accused of helping fuel the opioid crisis. 


 
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. 


 
Ron Perelman's Revlon Nears Bondholder Deal to Survive Pandemic

The New York-based cosmetics company is nearing the completion of a bond exchange that would help it narrowly avoid a chapter 11 filing, though Revlon still needs to corral more investors that haven't given their support. 


 
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.

(END) Dow Jones Newswires

11-11-20 1915ET