News Highlights: Top Company News of the Day
Bayer's Request for Roundup Appeal Rejected by California Court
The California Supreme Court declined to hear an appeal by Bayer
seeking to reverse a jury verdict that the company's Roundup
herbicide caused a groundskeeper's cancer, leaving the company with
few remaining options to avoid paying a $20.4 million judgment.
Barclays Profit Tops Estimates
Barclays posted above-consensus profits for the third quarter
and set aside another GBP608 million provisions to cover the cost
of coronavirus-related losses, less than forecast.
Daimler Lifts Profit Guidance
Daimler raised its outlook for group earnings after the car
maker profited from improving markets and cost-saving measures in
the third quarter, and said it expects the momentum to
Gucci Struggles as Pandemic Keeps Tourists Home
Gucci reported a 12% drop in third-quarter sales as the Italian
fashion house was hit hard by the absence of tourist shoppers from
Asia during the pandemic.
Covid-19 Drug Remdesivir Fully Approved by FDA
The U.S. Food and Drug Administration has granted a full final
approval to Gilead Sciences Inc.'s remdesivir, making it the first
Covid-19 treatment deemed safe and effective by the regulator, the
company said Thursday.
Walmart Sues U.S., Aiming to Head Off Opioid Penalties
Walmart sued the federal government in an attempt to strike a
pre-emptive blow against what it said is an impending
opioid-related civil lawsuit from the Justice Department.
Goldman Sachs Malaysia Subsidiary Pleads Guilty in 1MDB Case
A unit of Goldman Sachs pleaded guilty to conspiring to violate
U.S. antibribery laws, the first step in an expected resolution of
a long-running investigation into its role in a Malaysian
Uber and Lyft Must Classify Drivers as Employees, Appeals Court Says
The ride-hailing companies must comply with an order that
requires them to reclassify their drivers as employees, a
California appeals court said, siding with a lower-court ruling
that threatened to upend the business models.
Intel Hit as Consumers Flock to Lower-Cost Laptops, Datacenter Chips
Chip giant Intel Corp. raised its full-year outlook even as
earnings suffered as consumers gravitated to cheaper laptops and
demand for datacenters softened.
California Loses Last-Ditch Effort to Force Exide to Deal With Toxic Legacy
California taxpayers were left responsible for a contaminated
plant outside Los Angeles after a judge turned down an emergency
bid by state environmental regulators to block Exide Technologies
from exiting bankruptcy.
(END) Dow Jones Newswires
October 23, 2020 03:15 ET (07:15 GMT)
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