News Highlights: Top Company News of the Day
Kraft Heinz Draws Customers Back to Familiar Brands
The food maker said higher grocery demand during the coronavirus
pandemic is setting the company up to exceed sales expectations for
Dunkin' Closes Stores as Deal Talks Continue
The coronavirus pandemic has hit breakfast chains hard,
prompting strategy changes.
DuPont Beats Forecast as China Leads Global Recovery
Third-quarter sales and earnings exceeded Wall Street estimates.
Sales in China rose 14% year over year and 10% from the second
Fannie Mae Earnings Rise on Mortgage Refinance Boom
The mortgage-finance giant reported a sharp increase in earnings
during the third quarter amid a refinancing boom that has buoyed
the U.S. mortgage market.
Comcast Burdened by Covid-19's Impact on Theme Parks
Limited traffic at theme parks and movie theaters during the
recent quarter was partly offset by a record number of
Airbus Stems Cash Losses, Warns of Delayed Recovery
The world's largest plane maker stemmed an outflow of cash as it
learned to navigate an industry reeling from the pandemic, but also
said the aviation market's recovery would start later than
Yum Brands 3Q Profit Lifted; Revenue Beats Expectations
The restaurant company behind Taco Bell, KFC and Pizza Hut
reported net income of $283 million, or 92 cents a share, up from
$255 million, or 81 cents a share a year ago.
Online Beer Sales Soar at Brewers of Budweiser, Miller Lite
Homebound drinkers bought more beer online and at supermarkets,
boosting organic sales at AB InBev and cushioning the revenue lost
at restaurants and bars amid Covid-19 restrictions.
Leon Black Offers More Details on Ties to Jeffrey Epstein
Leon Black, the billionaire chief executive of Apollo Global
Management, offered his most detailed public account yet of his
ties to the late financier Jeffrey Epstein, a relationship that
sparked renewed concern recently among his firm's shareholders and
Shell Tries to Woo Investors With Dividend Raise, Promise of Future Payouts
Shell reported a small profit, raised its dividend and said it
planned to increase shareholder payouts, offering an upbeat
assessment of its ability to weather the pandemic-inspired demand
shock that has kept oil prices weak.
(END) Dow Jones Newswires
October 29, 2020 11:00 ET (15:00 GMT)
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