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Microsoft to Buy Gaming Studio ZeniMax for $7.5B
The deal comes as the tech giant is set to launch its latest Xbox.
Illumina Buys Cancer Test Startup Grail for $8B
The deal will move Illumina “deeper into the application of its gene-sequencing technology to the diagnosis and treatment of patients."
Judge Gives WeChat Reprieve From U.S. Shutdown
WeChat users who sued the Trump administration had “shown serious questions going to the merits of their First Amendment claim," the court said.
Deloitte Fined Record $19M Over Audit Failures
A U.K. investigation found the Big Four firm liable for “serious and serial failures” in its audits of software firm Autonomy.
Ericsson Buys Cradlepoint for $1.1B
The acquisition of the U.S. wireless networking company helps Ericsson grow its 5G network.
Fraud Prevention Firm’s Ex-CEO Charged With Fraud
Adam Rogas, a co-founder of NS8, was "the proverbial fox guarding the henhouse," a prosecutor says in announcing his arrest.
OECD Revises Growth Forecast Upward for 2020
The group is now predicting a 4.5% contraction for this year, citing the swift recovery in output since coronavirus containment measures were eased.
MetLife to Buy Versant Health
The deal would make it the third-largest vision insurer in the country.
Chinese Nationals Charged With Hacking Attacks
“The United States government is starting to turn the tide on Chinese intrusion operations on Western companies and targets."
Unity Software Raises Pricing for $1B IPO
In an unusual move, the company's upper management, rather than its investment bankers, will determine the actual price, using an online bidding system.
U.S. Tariffs Violated WTO Rules, Panel Finds
The WTO sided with a complaint from China over tariffs imposed on about $234 billion in goods in 2018.
Kohl’s Cuts Corporate Jobs to Save $65 Million
The layoffs will “further align [Kohl’s] cost base in response to the business impact resulting from the COVID-19 pandemic."
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