News Highlights: Top Company News of the Day
Airlines' Losses Mount, but Demand Shows Improvement
Southwest said it lost nearly $1.2 billion during the third
quarter. American lost $2.4 billion and Alaska Air reported losing
Google's Antitrust Woes Seen Helping Microsoft's Bing
The target of the U.S. government's last major tech antitrust
campaign, Microsoft, could be the biggest beneficiary of its
newest, the lawsuit the Justice Department filed this week against
Coca-Cola Expects Growth in China Even as Global Sales Slide
The beverage company expects to see growth this year in China,
even as its global sales continue to decline because of the
closures of restaurants, bars, movie theaters and sports stadiums
elsewhere around the world.
Northrop Grumman Posts 3Q Sales, Profit Growth
Northrop Grumman posted a larger profit and stronger revenue
year over year in the latest three-month period, led by growth in
the company's aeronautics division.
Kimberly-Clark Misses 3Q Adjusted Profit Expectations
Kimberly-Clark reported net income of $472 million down from
$671 million or the year-earlier period. An adjusted profit for the
quarter of $1.72 a share missed expectations from analysts by 4
Google's Foes Want Additional Enforcement Actions
The Justice Department's lawsuit against Google is the
government's biggest challenge to U.S. technology companies in a
generation. For many of the company's longtime adversaries, it
isn't big enough.
Sun Life Financial to Buy Majority Stake in Crescent Capital
The Canadian insurer will pay up to $338 million for a 51% stake
in private-credit fund manager Crescent Capital, as it seeks to
expand its alternative investments arm.
Pandemic Buying Patterns Drive Unilever Sales in North America
Unilever said American shoppers are still stocking up on its
hand sanitizer and condiments such as Hellmann's mayonnaise, as
they weather the ebb and flow of the coronavirus pandemic by
washing their hands, staying home more and cooking for
Michigan Group Says Archaeological Findings Enough to Halt Enbridge Tunnel
The group of mostly Native American women says they found
man-made patterns underwater near the Line 5 oil pipeline that
could date back 10,000 years.
A Hermès Trend Other Luxury Brands Hope to Copy
Sales at the French handbag company increased 7% in the third
quarter, and Chinese shoppers aren't the only ones driving
(END) Dow Jones Newswires
October 22, 2020 11:15 ET (15:15 GMT)
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