News Highlights: Top Company News of the Day
UPS Posts Strong Gains as Package Volumes Swell
United Parcel Service said revenue rose nearly 16% in the third
quarter as its business continues to be boosted by the influx of
packages moving domestically and internationally during the
Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions
The lender returned to a third-quarter profit, beating
expectations as it benefited from a strong performance in
investment banking and a faster-than-anticipated recovery in its
Sony's Second-Quarter Net Profit More Than Doubled
Sony's second-quarter net profit more than doubled from a year
earlier thanks to greater earnings from its game business and a
drop in tax expenses.
Heineken to Buy Strongbow Cider Brand
Heineken will buy cider brand Strongbow from Asahi in Australia,
after the Japanese firm put up those assets for sale to meet
Microsoft Continues to Ride Virus-Fueled Demand for Cloud
The software company expects the pandemic-era surge in demand
for cloud-computing services, videogaming and computers that
delivered a solid quarter to persist at least through the rest of
Equitable Reaches Deal With Venerable to Reinsure $12 Billion in Annuities
Equitable has entered an agreement with Venerable for the
privately held company to reinsure 114,000 variable-annuity
policies sold between 2006 and 2008.
Visa's Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department
The DOJ, making preparations for potential litigation, could
soon decide whether it will sue to block Visa's purchase of the
Bayer, BASF Weedkillers Cleared by EPA for Another Five Years
The agency said its reapproval of dicamba herbicides, which have
been blamed for damaging millions of acres of crops in recent
years, would provide clarity to farmers who say they need the spray
to combat hard-to-kill weeds.
Revlon Warns of Possible Bankruptcy Reorganization if Bond Swap Flops
The beauty-products maker warned bondholders about the
substantial risk of a bankruptcy restructuring if they don't
participate in a proposed debt exchange.
Purdue Creditors Committee Criticizes U.S. Deal With Sackler Family
The federal government's proposed settlement with the Sackler
family members who own OxyContin maker Purdue Pharma ran into
opposition from company creditors worried that less money will be
left over for them.
(END) Dow Jones Newswires
October 28, 2020 07:15 ET (11:15 GMT)
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