What's News: Business & Finance -- WSJ
07 July 2020 - 5:02PM
Dow Jones News
This article is being republished as part of our daily
reproduction of WSJ.com articles that also appeared in the U.S.
print edition of The Wall Street Journal (July 7, 2020).
Google, Facebook and Twitter are among U.S. tech firms that have
suspended processing user-data requests from Hong Kong law
enforcement following China's imposition of a national-security
law.
Prominent law firms, wealth managers and politically connected
businesses were among the recipients of government loans in a
program designed to help small businesses in the pandemic.
Over 40 American business groups called on China to step up
purchases of U.S.-made products as part of the "Phase One" trade
pact.
The Nasdaq jumped 2.2% in a session that saw the Dow and S&P
500 advance 1.8% and 1.6%, respectively.
Uber said its $2.65 billion deal for Postmates will help it
better compete in restaurant delivery and the market for delivering
staples.
Samsung Electronics forecast a 23% rise in second-quarter
operating profit, offering guidance that beat analysts'
projections.
A second Wirecard executive was arrested and questioned by
German prosecutors as part of probes into suspected fraud at the
firm.
Palantir said it has confidentially filed paperwork for an IPO,
ending a wait that made it one of Silicon Valley's oldest private
startups.
A judge ordered the Dakota Access pipeline to shut down by next
month because it was improperly granted a key environmental
permit.
(END) Dow Jones Newswires
July 07, 2020 02:47 ET (06:47 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.