The Apple-Microsoft Tech War Reignites for a New Era

The battle over App Store rules has renewed tensions between the rivals and could overshadow the rise of augmented and virtual reality applications. 


 
Tesla Addresses Safety Issue in More Than 285,000 Vehicles in China

A software update was issued to address safety risks posed by the vehicles' cruise-control system, which could be accidentally activated and potentially result in an unexpected speed increase. 


 
Johnson & Johnson Settles New York Opioid Case for $230 Million

The deal comes as talks intensify to clinch a $26 billion resolution of thousands of other opioid lawsuits. 


 
Microsoft Discloses Customer Hack Tied to SolarWinds Cyberattackers

Hackers previously linked to Russia's Foreign Intelligence Service were behind the recent attack on a Microsoft customer support system. 


 
Lilly Covid-19 Antibody Shipments Paused on Variant Concerns

U.S. health officials say the drugmaker's cocktail isn't effective against strains that are becoming increasingly common across the country. 


 
Westpac to Sell Motor Vehicle Dealer Finance, Novated Leasing Businesses

The Australian bank will sell its motor vehicle dealer finance and novated leasing businesses to Angle Finance, a portfolio company of U.S. private-equity firm Cerberus Capital Management. 


 
Venmo to Charge Users for Selling Goods and Services

The payments app said it would allow the use of personal accounts for business transactions for the same fee applied to users of business profiles. 


 
Hotels' and Restaurants' Rebound Summer Held Back by Shortages of Everything

Just when demand is surging, hospitality businesses are squeezed from all sides, including a lack of workers and rising costs of supplies. One executive has a weekly call to find out which foods have become unavailable. 


 
Toshiba Shareholders Oust Chairman

The ousting of Osamu Nagayama, a longtime pillar of Japan's corporate world, followed an uproar over collaboration between the firm's management and the government to stifle foreign investors. 


 
General Dynamics CEO Phebe Novakovic Believes in Patriotism and Resilience

The CIA veteran says the defense industry has a "moral imperative" to support the U.S. and its allies "in the work they do to keep democracy safe."

(END) Dow Jones Newswires

06-27-21 2115ET