News Highlights: Top Company News of the Day
Nestlé Takes Full Ownership of Meal-Delivery Company Freshly
The Swiss packaged-food giant said its deal values the
prepared-meal startup at $950 million, positioning Nestlé to
capitalize on a pandemic-driven shift toward at-home dining.
General Motors Poaches Delta CFO to Fill Finance Seat
GM hired Paul Jacobson to take over as the auto maker's chief
financial officer as it manages through the pandemic and
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
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
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
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.
(END) Dow Jones Newswires
October 30, 2020 19:15 ET (23:15 GMT)
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