News Highlights: Top Company News of the Day
Apple's Sales Rise in Pandemic
Apple benefited from a significant uptick in sales of laptops
and iPads due to the pandemic, even as quarterly iPhone sales fell
from a year earlier after a delay in the launch of the company's
flagship new smartphone.
Amazon Sales Surge Amid Pandemic-Driven Online Shopping
Amazon.com online orders continue to surge during the pandemic,
with the e-retail giant projecting a bumper end to the year as it
posted strong third-quarter earnings.
Google Stock Soars on Gangbuster Earnings
Google parent Alphabet posted a profit of $11.2 billion,
blasting through an earlier pandemic-fueled slow patch and
returning to the steady growth that made the tech conglomerate one
of the corporate world's most stable bets.
Starbucks Says Customers Are Coming Back to Cafes
The coffee giant forecasts a return to sales growth next
Netflix Raises Prices as Competition Increases
The streaming service raised the monthly price of its most
popular plan for the first time since early 2019 as it competes
with a growing number of cheaper alternatives.
Walmart Pulls Guns, Ammo Displays in U.S. Stores, Citing Civil Unrest
The retail giant, which sells firearms in about half of its
4,700 U.S. stores, said customers can still purchase guns and
ammunition upon request even though they are no longer on
Quibi Adversary Asks Court to Freeze Some of the Company's Assets
A company that has accused Quibi of infringing on patented
technology is seeking a court order barring the streaming-video
service from distributing some of its assets to investors as it
winds down the business.
Juul Cuts Valuation to $10 Billion
The e-cigarette maker has dropped its valuation to about $10
billion, down from $38 billion two years ago when tobacco giant
Altria took a 35% stake, the company told employees on
Airlines Spar With U.S. Over Covid-19 Testing vs. Quarantines for International Flights
U.S. transportation officials and airlines are at odds with
public-health officials over whether people who test negative for
coronavirus before they travel should still have to quarantine when
they arrive in the U.S., according to people familiar with the
State Department Rules Two Americans Can Be Extradited to Japan in Ghosn Case
A federal judge quickly stayed the extradition of Ex-Green Beret
Michael Taylor and son Peter alleged to have helped Carlos Ghosn
escape Japan for Lebanon.
(END) Dow Jones Newswires
October 29, 2020 17:15 ET (21:15 GMT)
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