Facebook Blocks Collection of Sensitive Data Through Apps Following New York Probe

Investigation followed Wall Street Journal article detailing unauthorized sharing of personal information with the social-media company. 


 
Tech Industry Challenges Maryland Online Ad Tax

Groups representing major technology companies filed a lawsuit arguing that the state's new measure is an improper levy on the internet. 


 
How Covid-19 Upended WWE

World Wrestling Entertainment's CFO outlines how the pandemic has altered the company's live-event business model. 


 
Knotel Strikes Deal With Creditors to Extend Bankruptcy Sale Process

Knotel Inc. has struck a deal with unsecured creditors that will give potential bidders more time to submit offers to acquire the office-space startup's assets out of bankruptcy. 


 
Volkswagen Considers Listing Minority Stake in Porsche

The auto maker is considering listing as much as 25% of the sports car brand, a move that could help it raise cash needed for investment in electric vehicles and new technology. 


 
Omnicom Beats Expectations but Urges Caution as Pandemic Continues

Omnicom Group said it is optimistic that it will return to growth this year after beating expectations in the fourth quarter. 


 
Walmart to Raise Wages for 425,000 U.S. Workers

The country's largest private employer reported strong holiday sales and said it would raise pay for hourly U.S. workers to an average above $15 an hour, after a year in which the pandemic boosted its business. 


 
Palantir Becomes an Unlikely Darling of the GameStop Crowd

Quarterly results and a lock-up expiration hit shares of the richly valued software maker, but it is finding support in online forums. 


 
Marriott Posts First Annual Loss Since 2009

The world's largest hotel operator posted a fourth-quarter loss of $164 million, compared with a profit of $279 million a year earlier. 


 
No Pandemic Sugar Rush for Nestlé

The Swiss maker of KitKat candy bars hasn't seen the same sales spikes as other snack giants during the pandemic, but looks steadier in the long run.

(END) Dow Jones Newswires

02-18-21 1915ET