News Highlights: Top Company News of the Day
Nikola Executive Defends Business Model
The electric-truck firm's finance chief said the startup's
partners are staying the course despite recent allegations that
investors had been misled.
Ford to Build Electric Cars in Canada as Part of Labor Deal
The settlement, reached early Tuesday, includes a $1.5 billion
investment in two Ford Motor factories-an engine plant in Windsor,
Ontario, and a vehicle-assembly factory in Oakville, Ontario.
Ralph Lauren to Cut 15% of Workforce After Coronavirus Lockdowns Reduced Demand
Ralph Lauren Corp. said it would cut its workforce by roughly
15%, reflecting a sharp drop in revenue tied to coronavirus-related
store closings earlier this year and potential challenges
Covid-19 Can Keep AutoZone in the Fast Lane
With more drivers sticking with older cars and taking on
do-it-yourself repair projects, AutoZone is in the right place at
the right time.
Amazon Restricts How Rival Device Makers Buy Ads on Its Site
Some makers of smart speakers, video doorbells and other
hardware have hit roadblocks buying key ads in search results.
Gadgets made by e-commerce giant get the edge.
Wendy's, Pizza Hut Raise Concerns Over NPC Bankruptcy Sale
Wendy's Co. and Pizza Hut LLC are raising concerns over their
largest franchisee's effort to sell its assets, including the
franchise agreements, in bankruptcy court.
China's Luckin Coffee Is Fined for Inflating Results
China's top commerce regulator fined Luckin Coffee Inc. and
dozens of companies that helped the coffee chain inflate its sales
and expenses, wrapping up a monthslong investigation into the
LVMH Is Readying Its Red Pen for Tiffany's Books
Tiffany can't put a foot wrong between now and the January trial
that will decide the fate of the luxury industry's biggest ever
TikTok's Zero Hour: Haggling With Trump, Doubts in China and a Deal in Limbo
After months of maneuvering over the future of TikTok, it took
last-minute phone calls to persuade President Trump to sign off in
principle on the outlines of an agreement to keep the app operating
in the U.S. Even that outcome-an M&A deal like no other-remains
Blackstone Ready to Lend After Raising Record Property Debt Fund
The investment firm closed this month on the largest real-estate
debt fund ever, giving it plenty of cash to lend to property
investors looking to go shopping during the pandemic.
(END) Dow Jones Newswires
September 22, 2020 13:00 ET (17:00 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.