J.C. Penney Landlords Nearing Deal to Buy Bankrupt Retailer 
 

Two of J.C. Penney's largest landlords have emerged as the leading contenders to acquire the department-store chain's retail business out of bankruptcy, according to people familiar with the matter.

 
Lyft Ridership Takes Big Turn Lower: Earnings at a Glance 
 

Ride-hailing company Lyft said active riders fell to 8.7 million in the quarter, down from 21.8 million in the year-earlier quarter. Cisco Systems, meanwhile, said sales fell 9%.

 
Facebook and Other Tech Giants Gird for Chaotic Election 
 

Social-media platforms are talking with federal officials as President Trump sounds the alarm on the voting process and the potential for fraud.

 
Cisco to Pursue Deep Cost Cuts in Corporate Tech-Spending Slowdown 
 

Networking-equipment giant Cisco Systems Inc. posted its first annual revenue decline in three years and said it would pursue deep cost cuts as customer priorities have shifted during the coronavirus pandemic.

 
Lyft Ridership, Revenue Drop Amid Rising Coronavirus Infections 
 

Lyft reported a dramatic drop in riders and revenue in the second quarter, as rising coronavirus infections in the U.S. and prolonged shutdowns weighed in on its results.

 
College Football Postponements Jeopardize Fox, ESPN Ad Bonanza 
 

The TV networks stand to miss out on hundreds of hours of Saturday sports programming and big chunks of advertising revenue this fall if the bulk of college football's season doesn't happen until next year.

 
As Trump Administration Seeks WeChat Restrictions, Tencent Profit Surges 
 

The Chinese internet giant played down threats from potential U.S. curbs on its flagship app, as higher spending through Tencent's services and games drove better-than-expected profit and revenue in the second quarter.

 
Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars 
 

The Wall Street firm is among a small number of bidders for the auto maker's credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. Barclays is also in the running.

 
Sumner Redstone Dies at 97; Media Mogul Who Said 'Content Is King' 
 

Sumner Redstone, who turned his family's movie-theater company into a global media empire spanning television, movies, radio and books, has died.

 
NFL Executive and League's Highest-Ranking Woman Steps Down 
 

NFL chief operating officer Maryann Turcke, the No. 2 at the league offices, is stepping down from her position as part of a broader shake-up inside the NFL's headquarters.

 
 

(END) Dow Jones Newswires

August 12, 2020 19:15 ET (23:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.