News Highlights: Top Company News of the Day
October 28 2020 - 1:30PM
Dow Jones News
Tiffany, LVMH Near Agreement on New Deal Terms
The luxury-goods companies have come to a preliminary agreement
on new deal terms that would call for LVMH to pay $131.50 for the
iconic U.S. jewelry maker, down from a prior agreement of $135 a
share.
Windows Fogs Microsoft's Outlook
Slump in corporate PC demand takes a toll, though cloud business
continues to shine.
Mastercard's Revenue Hurt by Distancing, Border Restrictions
The credit-card company's revenue for the third quarter fell 14%
from a year earlier, hit by a steep drop in cross-border
volume.
Fiat Chrysler Post Record Third-Quarter Profits, Reinstates Full-Year Guidance
Fiat Chrysler Automobiles NV posted record operating profits in
the third-quarter, riding a surge in demand for expensive pickups
and a rebound in the U.S. auto market.
Apple Faces Antitrust Complaint in France Over iPhone Privacy Changes
Apple's operating software starting early next year will require
apps to get opt-in permission from users to collect their
advertising identifier, a number used to deliver targeted ads and
check how ad campaigns performed.
Ant Speeds Ahead with Record IPO After Investor Orders Pour In
The financial-technology company part-owned by Alibaba Group is
set to raise at least $34.4 billion through dual listings in
Shanghai and Hong Kong.
Boeing Cutting More Jobs in Response to Pandemic
The aerospace giant is reviewing jet production levels and plans
to shed another 7,000 jobs by the end of next year in response to
the mounting toll on the global airline industry from a fresh
global surge in coronavirus cases.
GlaxoSmithKline 3Q Net Profit Falls, But Beats Forecasts
GlaxoSmithKline reported a 20% fall in third-quarter net profit,
but still beat market estimates, and backed its full-year
forecast.
GE's Cost Cuts Offset Troubles in Aviation Unit
The conglomerate reported another quarter of shrinking revenue
due to the trouble aviation industry, but posted a smaller loss and
generated cash from its industrial operations.
Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch
Sony raised its forecast for its full-year operating profit by
nearly $800 million, capping a strong run of results by Japanese
electronics makers benefiting from China's revived economy and
pandemic technology trends.
(END) Dow Jones Newswires
October 28, 2020 13:15 ET (17:15 GMT)
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