U.S. Backs Down on TikTok
The Commerce Department's action delays implementation of a regulation, set to take effect Thursday, that would effectively make the video-sharing app inoperable in the U.S.
Trump Bars Americans From Investing in Firms That Help China's Military
The ban applies to 31 companies including state-run aerospace, shipbuilding and construction enterprises.
China's President Xi Jinping Personally Scuttled Jack Ma's Ant IPO
Senior government leaders were furious about the wealthy entrepreneur's criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China's most celebrated entrepreneur and a government uneasy about his influence.
At Disney, Streaming Soars as Other Businesses Struggle
Disney posted its second consecutive quarterly loss, as the effects of the pandemic ravaged core businesses like theme parks and movie distribution that aren't expected to return to normal in the foreseeable future.
Palantir Boosts Its Full-Year Revenue Outlook
Data analysis company Palantir Technologies raised its annual revenue outlook after it posted better-than-expected sales in the third quarter on increasing demand for its software.
LinkedIn Finds Measurement Errors That Inflated Video and Ad Metrics
The errors affected more than 418,000 advertisers on the professional networking platform for over two years. The company said 90% of those affected overpaid by less than $25 and would receive credits for future campaigns.
Cisco Taps Autodesk Executive as CFO
Cisco named an industry veteran as its new finance chief, beefing up the network-equipment firm's efforts to enhance its subscriptions and software business.
Tencent Pledges Cooperation Amid Chinese Scrutiny
Tencent, the world's biggest videogame company by revenue, said its profit in the September quarter soared 89% to 38.54 billion yuan, equivalent to $5.81 billion, from the same period last year.
Twitter Says Labels, Warnings Slowed Spread of False Election Claims
Twitter said labels and warning messages on tweets it deemed misleading decreased the spread of misinformation on the platform during the election season.
Walmart Adding 'Pop-Up' Centers for Online Holiday Sales
The 42 sites will hold fast-moving items in sections of warehouses that are traditionally used to ship pallets of goods to Walmart stores. The network of pop-up sites will ship up to 30% of Walmart's online holiday volume, the company said.
(END) Dow Jones Newswires