U.S. Backs Down on TikTok

The Commerce Department's action delays implementation of a regulation, set to take effect Thursday, that would effectively make the video-sharing app inoperable in the U.S. 


 
Trump Bars Americans From Investing in Firms That Help China's Military

The ban applies to 31 companies including state-run aerospace, shipbuilding and construction enterprises. 


 
China's President Xi Jinping Personally Scuttled Jack Ma's Ant IPO

Senior government leaders were furious about the wealthy entrepreneur's criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China's most celebrated entrepreneur and a government uneasy about his influence. 


 
At Disney, Streaming Soars as Other Businesses Struggle

Disney posted its second consecutive quarterly loss, as the effects of the pandemic ravaged core businesses like theme parks and movie distribution that aren't expected to return to normal in the foreseeable future. 


 
Palantir Boosts Its Full-Year Revenue Outlook

Data analysis company Palantir Technologies raised its annual revenue outlook after it posted better-than-expected sales in the third quarter on increasing demand for its software. 


 
Cathay Pacific Airways Expects Overall Recovery to Be Slow

Cathay Pacific Airways expects overall recovery in passenger demand to be slow, as the Covid-19 situation continues to weigh on business and leisure travel world-wide. 


 
LinkedIn Finds Measurement Errors That Inflated Video and Ad Metrics

The errors affected more than 418,000 advertisers on the professional networking platform for over two years. The company said 90% of those affected overpaid by less than $25 and would receive credits for future campaigns. 


 
Cisco Taps Autodesk Executive as CFO

Cisco named an industry veteran as its new finance chief, beefing up the network-equipment firm's efforts to enhance its subscriptions and software business. 


 
Tencent Pledges Cooperation Amid Chinese Scrutiny

Tencent, the world's biggest videogame company by revenue, said its profit in the September quarter soared 89% to 38.54 billion yuan, equivalent to $5.81 billion, from the same period last year. 


 
Twitter Says Labels, Warnings Slowed Spread of False Election Claims

Twitter said labels and warning messages on tweets it deemed misleading decreased the spread of misinformation on the platform during the election season.

(END) Dow Jones Newswires

11-13-20 0115ET