News Highlights: Top Company News of the Day
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
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
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
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
(END) Dow Jones Newswires
October 28, 2020 23:15 ET (03:15 GMT)
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