News Highlights: Top Company News of the Day
October 28 2020 - 5:30PM
Dow Jones News
Pinterest's Revenue Soars as Pandemic Boosts Engagement
Pinterest posted strong revenue and user growth in the third
quarter, as the social-media company saw significantly greater
pandemic-fueled engagement than it did in the spring.
Bed Bath & Beyond Picks the Low Hanging Fruit
Many of the retailer's issues have straightforward fixes, but
its long-term goals are ambitious.
Appeals Court Rejects FTC Request to Reconsider Qualcomm Antitrust Case
A federal appeals court refused to reconsider its decision
earlier this year to throw out a government antitrust case against
Qualcomm.
Tech CEOs Square Off With Senators Over Online Speech
A Senate hearing in which lawmakers tangled with leaders of the
largest social-media companies reflected deep discontent with their
power to shape political discourse-and equally deep divisions over
how to address it.
AMD, Nvidia Chip Away at Intel's Semiconductor Dominance
Advanced Micro Devices, long the underdog in the
computer-processor market, and Nvidia, a graphics-processing
specialist, are mounting their biggest challenge yet to level the
playing field in the U.S. chip industry.
U.S. Reaches $375 Million Deal for Lilly Covid-19 Antibody Drug
Drugmaker Eli Lilly & Co. agreed to provide 300,000 doses of
its experimental Covid-19 antibody drug to the federal government
for $375 million, if the medicine is authorized for emergency use
in the U.S., the company said Wednesday.
About 100 IHOP Restaurants Could Be Closed Over Next Six Months
IHOP parent Dine Brands Global said third-quarter profit and
revenue fell due to restrictions on dine-in service during the
coronavirus pandemic.
Root's Plan to Disrupt Auto Insurance Needs More Time to Grow
The rapidly growing auto-insurance technology upstart has to
improve its underlying performance to justify a big valuation.
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.
(END) Dow Jones Newswires
October 28, 2020 17:15 ET (21:15 GMT)
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