News Highlights: Top Company News of the Day

09/24/2020 | 01:16pm
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.

Movie Theaters Are Counting on James Bond 

Movie-theater operator Cineworld is still in a parlous position. If James Bond doesn't save it in November, though, a takeover offer might further down the road.

United to Offer Covid Testing to Some Hawaii-Bound Travelers 

United Airlines will offer Covid-19 tests for a fee to passengers flying from San Francisco to Hawaii, as airlines look to testing as a way to reopen some destinations that have been largely closed to travel during the pandemic.

'Fortnite' Maker, Spotify Form Advocacy Group to Push for App Store Changes 

"Fortnite" maker Epic Games and other companies have forged an alliance to pressure Apple and other app-store operators to make changes to their marketplace rules, which the group says stifle competition.

In Europe, Regulators Want to Cut Emissions, but Consumers Want SUVs 

The EU is taking action to reduce carbon-dioxide emissions, but the popularity of big vehicles in the region is driving them higher, and could result in fines for auto makers.


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