News Highlights: Top Company News of the Day
Software Maker SAP's Profit and Sales Declined
As a result of the weaker business in the third quarter and
uncertainty from the pandemic, SAP cut its outlook on earnings and
revenue for the full year.
Apple's Services Business Could Be Hit in Google Antitrust Battle
A multibillion-dollar deal in which Google pays to be the
default search engine on Apple devices is at the heart of the case
the U.S. government filed against Google. That deal is also at the
heart of Apple's services unit.
Facebook Prepares Measures in Case of Election Unrest
The emergency measures, originally designed for countries facing
mass ethnic or political bloodshed, include slowing the spread of
viral content and lowering the bar for suppressing potentially
Coca-Cola Amatil Gets $6.62 Billion Takeover Offer
Coca-Cola Amatil said it had received a takeover proposal worth
$6.62 billion from the company that bottles Coca-Cola products in
Samsung Heir Takes Reins of Tech Giant Stuck in Father's Past
With Lee Kun-hee's son preparing to formally take the reins,
Samsung must confront a major challenge: the company still looks
like the father's Samsung, not a business poised for the
Blackstone to Buy Simply Self Storage for About $1.2 Billion
Blackstone Group has struck a deal to buy Simply Self Storage
from Brookfield Asset Management, making a bet on a sector that has
remained strong throughout the coronavirus pandemic.
Cenovus and Husky to Merge in $2.89 Billion Deal
The deal, unveiled early Sunday, would create the third-largest
oil and natural-gas producer in Canada and the second-largest
PG&E to Cut Power to Hundreds of Thousands
PG&E said it was planning to pre-emptively cut power to
about 361,000 customers in northern and central California in an
effort to prevent wildfires, marking the largest such shut-off it
has reported this year.
To Find a Coronavirus Vaccine, GlaxoSmithKline Is Bonding With Its Biggest Competitors
The hunt for a solution to Covid-19 is producing an unlikely
team of rivals in the cutthroat world of pharmaceuticals.
Why You Might Have Trouble Getting the Refrigerator or Car You Want
U.S. manufacturers are falling short of demand for goods from
cars to appliances to lawn mowers that consumers are buying in big
numbers as the pandemic drags on.
(END) Dow Jones Newswires
October 26, 2020 01:15 ET (05:15 GMT)
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