Johnson Controls Drops Most in Two Months After Cyberattack
Johnson Controls Inc. fell the most in almost two months after disclosing that it’s dealing with a cyberattack that has caused disruptions in part of its internal information systems.
Bloomberg Tech
GlobalFoundries to Invest $8 Billion in Dresden Fab, HB Says
GlobalFoundries Inc. plans to invest $8 billion to double capacity at its chipmaking plant in Dresden, Germany, newspaper Handelsblatt reported.
Amazon Gets Boost in EU Court Fight Over New Digital Rules
Amazon.com Inc. won the first round of a court spat with European Union regulators who included it on a list of Big Tech firms facing extra scrutiny under the bloc’s tough new content-moderation rules.
AGCO to Buy Trimble Assets for $2 Billion to Boost Farm Tech
AGCO Corp., one of the world’s largest tractor makers, will acquire technology assets from Trimble Inc. for $2 billion to boost its offerings in the so-called precision agriculture market.
Google Judge Told Android Contracts Block Upstart Search App
Alphabet Inc.’s Google stymied the development of an upstart search app by invoking its exclusive revenue-sharing deals with Samsung Electronics Co., Verizon Communications Inc., AT&T Inc. and T-Mobile Inc., the founder of a tech startup told a judge.
Apple Asks Supreme Court to Reverse App Store Ruling Won by Epic
Apple Inc. said it has asked the US Supreme Court to review a judge’s ruling from two years ago that could diminish the billions of dollars in revenue its App Store generates by letting app developers direct users to alternative payment methods.
AI Marketing Startup Jasper’s CEO to Be Replaced With Ex-Dropbox President
The chief executive officer of Jasper, a startup whose software helps companies create marketing materials, is stepping down and will be replaced by Timothy Young, who was previously president of Dropbox Inc.
John Lewis to Seek £150 Million From Sale of 12 Waitrose Stores
John Lewis Partnership Plc is planning to raise as much as £150 million ($183 million) from the sale and leaseback of a dozen Waitrose supermarkets as the struggling retailer seeks more capital, according to people familiar with the matter.
Philips Falls After Reports It Responded Late to Apnea Warnings
Royal Philips NV shares continued their decline after news reports claimed the Dutch company was slow to act on complaints about its machines designed to treat sleep apnea.
GameStop’s Billionaire Backer Cohen Replaces Ousted CEO
GameStop Corp. appointed hedge fund billionaire Ryan Cohen as its new chief executive officer, filling a leadership void at the video-game retail chain after losing its second CEO in three years.