News Highlights: Top Company News of the Day
October 21 2020 - 1:30PM
Dow Jones News
Boeing Discussing New Plane as It Starts to Emerge From MAX Crisis
Early talks with customers are gauging interest in a
single-aisle aircraft with improved engines that could carry
between 200 and 250 passengers.
Ant Group's Giant IPOs Set to Launch After Regulators Clear the Way
The Chinese financial technology giant said investors in
mainland China have committed to purchasing more than a third of
the shares it plans to sell in a pair of blockbuster initial public
offerings.
Judge in Google Lawsuit Presided Over Major Antitrust Case
The Justice Department's lawsuit against Google has been
assigned to U.S. District Judge Amit Mehta, an Obama appointee who
presided over a major antitrust case in the food-distribution
sector.
Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes
The settlement helps clear the way for the bankrupt
OxyContin-maker to turn over future profits to cities and states
that accuse it of fueling the opioid crisis. The company still
faces scrutiny from states.
Verizon Holds Its Ground Ahead of iPhone 12 Release
The carrier's wireless and broadband businesses stabilized in
the third quarter despite the lasting effects of the pandemic,
allowing the company to upgrade its profit target for the year.
Pfizer Sets Up Its 'Biggest Ever' Vaccination Distribution Campaign
The drugmaker is preparing to ship over a billion doses of
Covid-19 vaccine using frozen boxes, cargo planes and trucks in a
mega logistics operation.
Nasdaq Chief Financial Officer Michael Ptasznik to Retire in February
Nasdaq Inc. on Wednesday said Michael Ptasznik plans to retire
as chief financial officer, effective Feb. 28.
IPG Names Philippe Krakowsky as CEO
Mr. Krakowsky, currently the ad holding company's chief
operating officer, will succeed Michael Roth next year.
Pandemic-Era Shoppers Splurge on Vitamins, Boosting Nestlé Sales
Nestlé said the virus has increased consumers' health
consciousness, boosting the company's small but fast-growing
health-sciences unit and contributing to better-than-expected
overall sales.
Cathay Pacific Slashes Workforce as Travel Forecasts Remain Bleak
Hong Kong's flagship carrier will cut its workforce by a quarter
and close a subsidiary airline as it seeks to stem losses from a
coronavirus-induced downturn that is expected to devastate the
aviation industry for years.
(END) Dow Jones Newswires
October 21, 2020 13:15 ET (17:15 GMT)
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