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.
Twitter Says Election Uncertainty May Crimp Ad Spending
Twitter said uncertainty surrounding the U.S. election could
weigh on advertising spending, though it projects robust activity
from brands looking to reach consumers in the holiday season.
Google Parent's Stock Soars on Gangbuster Earnings
Google parent Alphabet posted a third-quarter profit of $11.2
billion, blasting through the coronavirus pandemic 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 and U.S. Transportation Officials Spar With CDC Over 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
(END) Dow Jones Newswires
October 29, 2020 19:15 ET (23:15 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.