News Highlights: Top Company News of the Day
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
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
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
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)
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