News Highlights: Top Company News of the Day
October 30 2020 - 3:15PM
Dow Jones News
Judge Kicks Off Scheduling in Google Antitrust Case
The federal judge presiding over the Justice Department's
antitrust case against Google held a first scheduling hearing, with
the search giant arguing it needs quick access to the government's
investigation files before it can decide on its next steps in
litigation.
Walmart to Put Guns, Ammo Displays Back in U.S. Stores
Walmart said it would put firearms and ammunition back on the
sales floors of its U.S. stores, reversing a decision earlier in
the week to remove the displays to prevent potential looting.
Billionaires Icahn, Perelman in Standoff Over Revlon's Fate
Revlon's effort to escape having to file for bankruptcy is
pitching the two Wall Street billionaires toward a showdown.
Credit Karma in Talks to Sell Tax-Preparation Business to Square
The personal-finance portal's deal could head off potential
antitrust objections to its pending $7.1 billion sale to TurboTax
maker Intuit. A sale of the unit would require approval from the
Justice Department.
Trial of Regeneron's Covid-19 Antibody Drug Is Halted in Sickest Hospital Patients
Regeneron Pharmaceuticals suspended testing of its Covid-19
antibody drug in the sickest hospitalized patients because of a
safety concern, the latest setback for antibody-drug trials in
patients with advanced disease.
Altria Cuts Juul Valuation to Below $5 Billion
The Marlboro maker slashed the value of its investment in Juul
Labs, estimating the e-cigarette maker is worth less than $5
billion, after Juul told employees Thursday it had cut its own
internal valuation to $10 billion.
UK Banks Can't Celebrate Despite Strong Results
NatWest, Lloyds, Barclays and HSBC all booked lower provisions
than forecast but warned of uncertainty from the coronavirus
pandemic.
Huawei Slips to No. 2 in Smartphones
The Chinese tech company fell behind Samsung Electronics in
global smartphone shipments during the third quarter of the year,
according to International Data Corp.
Exxon Posts Third Consecutive Quarterly Loss for First Time
The Texas company also said it may write down the value of
natural-gas assets worth as much as $30 billion, as the pandemic
continues to pressure the world's biggest oil companies.
KKR's Profit Tops $1 Billion
The firm posted a big jump in third-quarter profit as the value
of its private-equity portfolio surged.
(END) Dow Jones Newswires
October 30, 2020 15:00 ET (19:00 GMT)
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