News Highlights: Top Company News of the Day
AMD Agrees to Buy Rival Chip Maker Xilinx for $35 Billion
Advanced Micro Devices plans to buy rival chip maker Xilinx in a
$35 billion deal, adding momentum to the consolidation of the
semiconductor industry that has only accelerated during the
Amazon to Hire 100,000 Seasonal Workers for Holidays
The new hires would add to the e-commerce giant's hiring spree
this year amid a surge in online shopping during the Covid-19
Ad Giant Omnicom Reports 11.5% Revenue Drop in Third Quarter
The holding company said the sharp decline in sales caused by
the coronavirus pandemic eased somewhat in the third quarter, but
warned that budget cuts and a decrease in demand for marketing
services will continue to weigh on its business.
Facebook's Top Public Policy Executive in India Steps Down
Ankhi Das was at the center of political storm in India over the
social-media giant's policy on anti-Muslim hate speech on the
Pandemic Dents Third-Quarter Sales for Pfizer
The Covid-19 pandemic weighed down sales for some drugs in the
latest quarter as the company's candidate vaccine for the virus
that has caused the public-health crisis continues in a large
Caterpillar's Sales Fall as Coronavirus Weighs on Industry
Slower construction of everything from cruise ships to pipelines
during the coronavirus pandemic is weighing on demand for
Caterpillar Inc.'s heavy machinery.
Harley-Davidson Lifts Profit Amid Turnaround Push
The motorcycle manufacturer reported a stronger profit and said
it would exit 39 weaker-performing markets and move to a
distributor model in 17 others, including in India.
3M Benefits From Higher Demand for Face Masks, Consumer Goods
The manufacturer's profit fell as expenses grew and demand for
products serving industries affected by the Covid-19 pandemic
continued to decline.
Merck 3Q Profit Rises, Raises 2020 Adj EPS Guidance
Merck said its profit and sales for the September quarter rose
as it continued to work on treatments and vaccines for
BP Posts Fifth Straight Quarterly Loss
U.K. energy company BP reported a fifth consecutive quarterly
loss, providing the first glimpse of how major oil companies
navigated the third quarter amid a prolonged slump in demand.
(END) Dow Jones Newswires
October 27, 2020 11:15 ET (15:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.