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News Highlights: Top company news on 7/8

Dow Jones Newswires ·  Jul 8, 2021 05:13
  • States Target $Alphabet Inc-CL A(GOOGL.US)$ Play Store in Antitrust Suit

    The complaint from 36 states and the District of Columbia alleges that the company monopolized the distribution of apps on mobile devices running the Android operating system.

  • Theranos Founder Elizabeth Holmes Renews Fight to Constrain Prosecutors

    Lawyers for Theranos founder Elizabeth Holmes asked a federal judge to place new restrictions on the scope of evidence that prosecutors can present at her coming criminal-fraud trial, arguing her defense is hampered by the loss of a database with millions of blood-test results.

  • Trump Sues $Facebook Inc(FB.US)$, $Twitter Inc(TWTR.US)$, $Alphabet Inc-CL A(GOOGL.US)$ to Restore Social-Media Accounts

    The lawsuit claims the former president, who remains suspended from most social-media platforms following the Jan. 6 Capitol riot, was wrongly censored in violation of his First Amendment rights.

  • Software Firm at Center of Ransomware Attack Warned of Cyber Flaw in April

    A Dutch security researcher group says it notified Kaseya Ltd. of a serious cybersecurity hole in its software that has affected hundreds of organizations around the world.

  • Amtrak to Spend $7 Billion to Upgrade Passenger Trains

    Amtrak plans to spend $7.3 billion to replace aging railcars and locomotives, adding coaches with more comfortable seating, improved disabled access, individual power outlets and "more contemporary" food service.

  • Rio Tinto Taps Former Unilever Compliance Officer for Top Legal Post

    Rio Tinto has recruited a former compliance officer for Unilever and Nestlé to serve as its chief legal officer, overseeing compliance issues for a company that has been at the center of high-stakes legal battles and reputational crises in recent years.

  • Travel Is Bouncing Back Strong, and Airlines Are Racing to Keep Up

    Stormy weather and staffing shortages have caused snarls this summer after airlines made deep cuts earlier.

  • Higher Oil Prices Can Only Help Shell So Much

    Supermajors have traditionally used their heft to ride out price volatility, paying steady dividends through the cycle on the secure assumption of rising demand over the long run. As the world transitions to cleaner energy sources, that growth is no longer a certainty, giving the likes of Shell a much more challenging balancing act.

  • Owner of Forever 21, JCPenney Files to Go Public

    Authentic Brands Group, which holds the license to more than 30 brands, scooped up battered retail brands.

  • Dentsu to Buy Customer Experience Agency LiveArea

    The Japanese advertising giant said it would acquire the customer experience and commerce agency from PFSweb for about $250 million.

Source: Dow Jones Newswires

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