News Highlights: Top Company News of the Day
24 October 2020 - 12:30AM
Dow Jones News
Facebook Seeks Shutdown of Political Ad-Targeting Research Project
Facebook is demanding that a New York University research
project cease collecting data about its political-ad targeting
practices, setting up a fight with academics seeking to study the
platform without the company's permission.
CNN President Jeff Zucker Faces What Might Be His Last Lap
Mr. Zucker, a polarizing figure who has overseen CNN for seven
years, felt blindsided by a recent restructuring and has had
friction with WarnerMedia Chief Executive Jason Kilar. His contract
is up and he hasn't committed to stay.
Pivotal Studies of Covid-19 Vaccines From AstraZeneca, J&J Resuming
The testing, paused to probe medical events in study subjects,
is restarting after investigators didn't find a link to the
shots.
Covid-19 Continues to Help Some, Hurt Others in S&P 500
The pandemic's uneven hit, reflected in companies' financial
performance and data tracked by Dow Jones Newswires, is hampering
the U.S. economic recovery and exacerbating the socioeconomic
divide.
McDonald's Seeks Dismissal of Suit Filed by Black Former Franchisees
The burger chain asked a federal judge to dismiss a
discrimination lawsuit accusing it of selling Black owners subpar
stores and scrimping on support, saying it wasn't in its interest
to have franchisees fail.
Why Merck Is Playing Catch-Up in the Coronavirus Vaccine Chase
Initial hesitation by senior executives about joining the global
effort puts the company in an unusual spot: behind.
American Express Reports Higher Consumer Retail Spending
The credit-card company said consumer retail spending improved
in the third quarter, but spending on travel and entertainment
remained substantially lower.
Huawei Shows Signs of Strain From U.S. Pressure on Chips
China's Huawei is facing revenue pressure as the U.S. squeezes
its chip supplies and an increasing number of countries shun its 5G
gear.
Canadian Retailer Le Chateau to Liquidate Assets, Wind Down Operations
Battered by the impacts of the coronavirus pandemic, the
specialty retailer said it filed for bankruptcy protection with
plans to liquidate its assets and wind down its operations.
Uber and Lyft Must Classify Drivers as Employees, Appeals Court Says
The ride-hailing companies must comply with an order that
requires them to reclassify their drivers as employees, a
California appeals court said, siding with a lower-court ruling
that threatened to upend the business models.
(END) Dow Jones Newswires
October 23, 2020 19:15 ET (23:15 GMT)
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