News Highlights: Top Company News of the Day
May 14 2021 - 2:15PM
Dow Jones News
Swiss Life Enters Deferred Prosecution Agreement With U.S. Justice Department
Swiss Life entities agreed to pay $77.3 million, which includes
restitution, forfeiture of all gross fees and a penalty, the
Justice Department said.
Coke to Discontinue Coca-Cola Energy in U.S.
The soda giant saw disappointing sales after launching the drink
last year in an effort to break into a fast-growing beverage
category dominated by Red Bull and Monster.
Facebook Loses Bid to Block Ruling on EU-U.S. Data Flows
The social-media company lost a bid to block a European Union
privacy decision that could suspend its ability to send information
about Europeans to the U.S., opening a pathway toward a
precedent-setting interruption of its data flows.
Hacking Group Linked to Colonial Pipeline Attack Is Closing Down
DarkSide, the criminal group linked to a cyber attack that
disrupted U.S. gasoline deliveries this week, has told hacking
associates that it is shutting down, said security research
firms.
U.K. Launches Fraud Probe Into Greensill-Linked Steel Firm
Britain's Serious Fraud Office said it is investigating
suspected fraud and money laundering at metals magnate Sanjeev
Gupta's GFG Alliance, as well as its financing arrangements with
bankrupt lender Greensill Capital.
Irish Healthcare Service Shuts Down IT Systems After Ransomware Attack
Hospitals canceled appointments and turned to paper and pen
after the attack, which used Conti ransomware, shut down IT
systems.
Many U.S. Businesses Aren't Budging on Face Masks, for Now
Executives in sectors ranging from autos to retail are wrestling
with how to respond to the CDC's new guidance, which in many cases
conflicts with state, local and industry-specific protocols.
Honda Net Profit Surges as North America Business Rebounds
Honda Motor posted a net profit in its fourth quarter thanks to
a broad operational improvement, especially in North America, as
its business continued to recover from the Covid-19 pandemic.
Software Industry Awaits Details on Biden's Order to Report Hacks
The obligations represent a shift for the private sector, which
has resisted such requirements for fear of financial and
reputational damage resulting from the release of sensitive
information about breaches.
Epic Games vs. Apple Trial, Week Two: Everything You Need to Know
Experts differed on whether smartphones are interchangeable with
other videogame platforms and the definition of a market in the
digital age.
(END) Dow Jones Newswires
May 14, 2021 15:00 ET (19:00 GMT)
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