UBS Profit Doubles on Trading Surge 
 

UBS Group said it set aside $1.5 billion to repurchase shares next year as third-quarter net profit doubled and its loan losses from the coronavirus pandemic remained relatively low.

 
BMW Sees Improved Cash Flow 
 

BMW said free cash flow for its automotive segment exceeded expectations in the third quarter, as several markets experienced a faster recovery, leading to increased sales.

 
BHP's Production Rises 2% 
 

said group copper-equivalent production rose 2% in the quarter ended Sept. 30, and largely kept its output and unit-cost guidance unchanged for fiscal 2021.

 
Foxconn's Terry Gou Says Big Wisconsin Project Hinges on State Aid 
 

Terry Gou's comments were his most explicit yet that a major project in Wisconsin could be scaled back and might not be completed if state officials don't come through with promised aid.

 
Moderna CEO Expects Covid-19 Vaccine Interim Results in November 
 

Moderna Chief Executive Stéphane Bancel said the federal government could authorize emergency use of the company's experimental Covid-19 vaccine in December, if the company gets positive interim results in November from a large clinical trial.

 
Pioneer Natural Resources Is in Talks to Buy Parsley Energy 
 

The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month, according to people familiar with the matter.

 
Ant Nears Giant IPO After Green Light From Hong Kong's Exchange 
 

Hong Kong's stock exchange gave Ant Group approval to proceed with its long-awaited initial public offering in the city, paving the way for what will likely be a record-breaking share sale.

 
Universal Tosses Cinemas a Lifeline While Testing New Distribution Model 
 

The Comcast-owned studio is releasing substantially more films to theaters this holiday season as it tries to spur attendance for troubled cinemas-and boost its push to reset distribution norms.

 
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix 
 

The U.S. semiconductor giant has reached a deal to sell its flash-memory manufacturing business to South Korea's SK Hynix Inc. for about $9 billion.

 
With Concho, ConocoPhillips Is Playing Offense 
 

This big oil deal isn't born out of desperation.

 
 

(END) Dow Jones Newswires

October 20, 2020 03:15 ET (07:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.