June 19, 2024


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News Highlights: Top Company News of the Day

UBiome Co-Founder Sued for $25 Million Over Startup's Bankruptcy 

Jessica Richman, a co-founder of uBiome who is already facing federal fraud charges over the failed lab-testing company, has also been sued for $25 million over investors’ losses.

Lyft to Cover Legal Costs of Drivers Sued Under Texas Abortion Law 

Lyft’s CEO said the Texas law that bars abortion after about 6 weeks of pregnancy “threatens to punish drivers for getting people where they need to go.”

U.K. Asks Companies to Tweak Internet Privacy Language So Kids Can Understand 

The country’s new Children’s Code requires clearer explanations and promotes the use of diagrams and cartoons.

Kraft Heinz to Pay $62 Million to Settle SEC Accounting Probe 

The SEC also accused two former Kraft Heinz executives of missing warning signs of the accounting misconduct, which spanned 2015 to 2018.

Apple Delays Update That Could Scan iPhone for Illegal Content 

The tech giant plans to make improvements to software that aimed to report collections of sexually exploitative images of children, amid a backlash from critics concerned about privacy erosion.

Chinese Ride-Hailing Giant Didi Could Get State Investment 

The municipal government is coordinating a proposed investment in the ride-hailing giant by a consortium of state-backed companies, a person familiar with the matter said.

Jana Applies Pressure for Vonage to Sell 

The activist investor started buying shares of the cloud-based telecom early in the year. But as the shares flagged, it urged the company to consider selling all or part of the company.

Tyson Foods Strikes Deal With Unions on Covid-19 Vaccines, Sick Pay 

The agreement with the United Food and Commercial Workers International Union and the Retail Wholesale and Department Store Union will keep workers safe and help recruitment efforts, Tyson said.

AstraZeneca, EU End Fight Over Covid-19 Vaccine 

European Union officials said they had agreed with British-Swedish drugmaker to end an EU lawsuit against the company in exchange for it meeting its promise to deliver 300 million Covid-19 vaccine doses by March.

China's SMIC to Build Chip Production Line in Shanghai 

Semiconductor Manufacturing International Corp. said the chip production facility will be built through a joint venture with the Shanghai government’s Lin-Gang Free Trade Zone Administration.


(END) Dow Jones Newswires

September 03, 2021 17:15 ET (21:15 GMT)

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