News Highlights: Top Company News of the Day
Big Tech Companies Reap Gains as Covid-19 Fuels Shift in Demand
Amazon and Google report strong quarterly sales and profits in
the midst of a debate over their market power.
Glencore Cuts 2020 Coal Guidance Due to Strikes at Colombia Mine
Glencore cut full-year guidance for coal production by 4% due to
strikes at the Cerrejon mine in Colombia.
Total Profit Falls; Maintains Dividend
Total said that its profit fell in the third quarter of the year
but that results benefited from a more favourable environment.
Swiss Re Swings to Loss
Swiss Re reported a loss for the first nine months of the year
as coronavirus-related reserves and claims weighed on its
Hertz Plans $4 Billion Borrowing to Spruce Up Vehicle Fleet
The rental-car company soon plans to line up a $4 billion
financing package to refresh its vehicle fleet, on top of a $1.65
billion loan to carry itself through bankruptcy.
Starbucks Says Customers Are Coming Back to Cafes
The coffee giant forecasts a return to sales growth next
Moderna Signs Covid-19 Vaccine Supply Contract With Japan
Moderna Inc. signed a contract with Japan's government to supply
50 million doses of its Covid-19 vaccine and said it is in advanced
talks with the European Union to expand vaccine supply there.
LafargeHolcim's Earnings Rise
LafargeHolcim said its profit increased in the third quarter, as
earning grew across regions while costs fell.
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
(END) Dow Jones Newswires
October 30, 2020 05:15 ET (09:15 GMT)
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