TikTok Gains Extension of Divestiture Deadline

The Committee on Foreign Investment in the U.S. has set Nov. 27 as the new deadline for a deal to turn the social-media app into an American company. 


 
GM Recalls Bolt Electric Vehicle for Fire Risk

Recall is the fourth tied to lithium-ion batteries as auto makers shift towards a electric future and away from gas. 


 
Wells Fargo Ex-CEO Settles SEC Claims, Former Consumer-Unit Head Faces Fraud Case

John Stumpf agreed to pay $2.5 million to settle civil claims over his role in the bank's fake accounts scandal, while regulators sued another departed Wells executive over fraud allegations. 


 
Volkswagen Accelerates Investment in Electric Cars as It Races to Overtake Tesla

The world's largest auto company plans to invest around $86 billion in the development of electric vehicles and other new technologies over the next five years, as it vies to become the leading maker of electric cars. 


 
DraftKings Users Surged With Return of Pro Sports Betting

The return of professional sports this summer brought a surge of user growth to sports-betting operator DraftKings Inc., sending revenue higher as the company expanded in more states 


 
How P&G Launched a 24-Hour Disinfecting Spray Just as Covid-19 Hit the U.S.

A consumer products giant known for its meticulous market research and complex management structure decided to become faster and slimmer. The result? A blue-bottled disinfectant that became a hit for Procter & Gamble during the pandemic-and helped it steer a path through the crisis. 


 
DoorDash IPO Filing Shows a Profitable Quarter

The food-delivery company, which has grown at a blistering pace during the pandemic, turned a surprising quarterly profit in June before falling back to a loss in September. 


 
Tiny GM Car Zips Past Tesla to Lead China's Electric Vehicle Market

A tiny electric vehicle from General Motors with a top speed of 62 miles an hour has zoomed past the Tesla Model 3 to become China's bestselling EV. 


 
Maravai IPO Could Raise $1.37 Billion

The GTCR-backed startup plans to offer 50 million shares and sees pricing at $24 to $27 apiece. 


 
Some Grocers Bring Back Purchase Limits as Covid-19 Cases Rise

Retailers say there is higher demand for some staples, but shoppers aren't stockpiling as much as they did in the spring.

(END) Dow Jones Newswires

11-13-20 1515ET