News Highlights: Top Company News of the Day
September 24 2020 - 3:30PM
Dow Jones News
Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff
The London-based operator of offshore oil-and-gas drilling rigs
has settled multibillion-dollar litigation over its 2014 spinoff of
Paragon Offshore, a critical step in Noble's path to exiting
bankruptcy.
California's Ban on New Gas Cars Further Upends Auto Industry
California's decision to ban sales of new conventional vehicles
starting in 2035 shows how regulators' aggressive emission targets
are forcibly reshaping an industry that is struggling to keep its
customers on board.
U.S. TikTok Ban Faces Fast-Track Court Review
A federal judge gave the Trump administration until Friday
afternoon to postpone a fast-approaching ban on U.S. downloads of
the Chinese-owned video-sharing app TikTok, or defend the policy in
a court hearing this weekend.
Blue Health Insurers Reach Tentative $2.7 Billion Antitrust Settlement
The agreement that the insurance group has negotiated would also
require it curb practices that allegedly limited competition among
its 36 member companies, according to people with knowledge of the
matter.
CarMax Only Looks Like a Lemon
The used-car retailer is clearly hyper-aware of budding online
competitors such as Carvana; so are its investors.
Spotify Strikes Deal for Movies and TV Shows Based on Podcasts
Having transformed the music and podcasting businesses, Spotify
Technology SA now has its sights on film and TV.
Parts Maker for Boeing 737 MAX Files for Bankruptcy
Impresa Aerospace, a parts maker involved in the manufacture of
Boeing's 737 MAX airliners, has filed for bankruptcy protection
after losing revenue due to the aircraft's grounding in the wake of
two fatal crashes.
File-Sharing Company WeTransfer Names First CFO
Melissa Nussbaum, formerly of Candy Crush maker King Digital,
wants to expand WeTransfer's subscription business and make the
business carbon-neutral.
E.W. Scripps Agrees to Buy ION Media for $2.65 Billion in Berkshire-Backed Deal
E.W. Scripps agreed to buy ION Media for $2.65 billion in a move
to significantly expand the TV station owner's reach with the
backing of Warren Buffett's Berkshire Hathaway.
Chip Startup Nuvia Taps Data-Center Boom to Raise $240 Million
Nuvia, a startup developing central processing chips for data
centers, has raised $240 million in its second funding round.
(END) Dow Jones Newswires
September 24, 2020 15:15 ET (19:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.