News Highlights: Top Company News of the Day
October 27 2020 - 1:30PM
Dow Jones News
T-Mobile Makes Another Bid for Pay-TV Viewers
The cellphone carrier unveiled a new wireless TV service that
will stream channels like CNN and ESPN in bundles costing between
$10 and $60 a month.
Callaway Nears Deal to Buy Rest of Topgolf
The companies are discussing a deal that would value closely
held Topgolf at more than $2 billion, people familiar with the
matter said. An agreement could be finalized this week assuming the
talks don't fall apart.
Coronavirus Prompts Rent the Runway to Think Beyond Rentals
The startup is raising a new round of financing and is focusing
on selling clothes, not just renting them, after the startup
suffered a near-fatal blow from a coronavirus pandemic that has
kept women home for most of the year.
A Broken Up AIG Would Still Have Work to Do
AIG's property-and-casualty unit could fetch a better valuation
on its own, but it will likely still trail its rivals for now.
Etsy Bet on Face Masks. So Far It Is Paying Off.
The online marketplace, which reports earnings Wednesday, has
seen profit swell from demand for masks and home décor.
Amazon to Hire 100,000 Seasonal Workers for Holidays
The new hires would add to the e-commerce giant's hiring spree
this year amid a surge in online shopping during the Covid-19
pandemic.
AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion
Advanced Micro Devices plans to buy rival chip maker Xilinx in a
$35 billion deal, adding momentum to the consolidation of the
semiconductor industry that has only accelerated during the
pandemic.
Ad Giant Omnicom Reports 11.5% Revenue Drop in Third Quarter
The holding company said the sharp decline in sales caused by
the coronavirus pandemic eased somewhat in the third quarter, but
warned that budget cuts and a decrease in demand for marketing
services will continue to weigh on its business.
Facebook's Public Policy Chief in India Steps Down
Ankhi Das had opposed applying hate-speech rules to a politician
from the ruling Hindu nationalist party, along with at least three
other individuals and groups flagged internally for promoting or
participating in violence.
Pfizer Says Covid-19 Vaccine Late-Stage Trial Almost Fully Enrolled
The Covid-19 pandemic weighed down sales for some drugs in the
latest quarter as the company's candidate vaccine for the virus
that has caused the public-health crisis continues in a large
late-stage trial.
(END) Dow Jones Newswires
October 27, 2020 13:15 ET (17:15 GMT)
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