Marvell Nears Deal to Buy Inphi 

Marvell Technology Group Ltd. is nearing a deal to buy Inphi, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates.

Samsung Posts Profit Increase as Pandemic Fuels Tech Demand 

Samsung Electronics Co. reported its largest profit in more than 18 months, fueled by a bounceback in smartphone sales and ongoing demand for memory chips.

Etsy Sales Lifted by Demand for Face Masks 

Face masks, which represented 11% of overall gross merchandise sales, pushed the online marketplace's revenue to more than double.

U.S. Car Business Vrooms Back From Pandemic Nadir 

The U.S. auto industry, hobbled this spring by the Covid-19 crisis, has bounced back stronger and faster than many expected with some companies reporting record profits in the third quarter.

Gilead Quarterly Revenue Rises on Remdesivir Sales 

Gilead Sciences' revenue rose 17%, helped by sales of its antiviral drug Remdesivir that has become a standard treatment for hospitalized Covid-19 patients.

Tech CEOs Square Off With Senators Over Online Speech 

A Senate hearing in which lawmakers tangled with leaders of the largest social-media companies reflected deep discontent with their power to shape political discourse-and equally deep divisions over how to address it.

Pinterest's Revenue Soars as Pandemic Boosts Engagement 

Pinterest posted strong revenue and user growth in the third quarter, as the social-media company saw significantly greater pandemic-fueled engagement than it did in the spring.

Yum China's Profit Nearly Doubles 

Yum China's third-quarter net profit nearly doubled as business activity improved in China and the company booked a noncash gain following an acquisition.

Bed Bath & Beyond Picks the Low Hanging Fruit 

Many of the retailer's issues have straightforward fixes, but its long-term goals are ambitious.

FTC Request to Reconsider Qualcomm Antitrust Case Rejected by Appeals Court 

A federal appeals court refused to reconsider its decision earlier this year to throw out a government antitrust case against Qualcomm.


(END) Dow Jones Newswires

October 28, 2020 23:15 ET (03:15 GMT)

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