DOJ to File Long-Awaited Antitrust Suit Against Google 
 

The lawsuit, which will be filed today, accuses the search giant of anticompetitive conduct and marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades.

 
P&G and Reckitt Clean Up on Pandemic-Driven Hygiene 
 

Procter & Gamble reported its biggest global sales increase in 15 years as the world's consumers spent more to keep their homes and themselves clean during the coronavirus pandemic. Reckitt reported its sharpest quarterly sales growth on record, driven by its hygiene unit.

 
Albertsons 2Q Profit Exceeds Analysts' Expectations 
 

Albertsons reported stronger sales for its latest quarter but demand was a bit slower when compared with earlier this year, when consumers loaded up on food to eat at home during the Covid-19 pandemic.

 
Lockheed Martin Sets Modest Sales Expectations 
 

The world's largest defense company said it expects sales to rise about 3% next year as it provided a first look at the impact of slowing military budget growth.

 
Travelers' Profit Rose in Third Quarter 
 

Property-casualty insurance company Travelers Cos.'s reported an increase in profit and net written premiums for the quarter that ended last month and reported just under $400 million in pretax catastrophe losses.

 
UBS Profit Doubles on Trading Surge 
 

The Swiss lender said a surge in client trading and deal making is freeing up cash for dividends and share buybacks despite the coronavirus pandemic.

 
Pioneer Natural Resources Is in Talks to Buy Parsley Energy 
 

The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month, according to people familiar with the matter.

 
Intel's SK Hynix Deal Will Make Good Memories 
 

Intel's origin as a memory-chip company is already a distant memory. Its latest deal just confirms that-and brings much-needed consolidation to the industry.

 
Microsoft Teams With SpaceX to Push Cloud Battle With Amazon Into Orbit 
 

Microsoft will help connect and deploy new services using swarms of low-orbit spacecraft being proposed by SpaceX, part of an initiative targeting commercial and government space businesses that comes just months after Amazon disclosed its own space-focused effort.

 
Swedbank Profit Beats Forecast 
 

Swedbank posted a forecast-beating net profit for the third quarter of SEK5.26 billion, as net income commission was boosted by strong stock market conditions.

 
 

(END) Dow Jones Newswires

October 20, 2020 09:15 ET (13:15 GMT)

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