News Highlights: Top Company News of the Day
October 30 2020 - 7:30AM
Dow Jones News
Ant IPO Sets Off $3 Trillion Scramble Among Small Investors
More than 5 million individual investors lined up for the
Shanghai segment of financial-technology giant Ant's IPO, placing
orders that exceeded the shares reserved for small investors more
than 870 times.
Honeywell Posts Lower 3Q Revenue as Aerospace Business Sags
Honeywell International recorded a smaller profit as sales
declined in the aerospace division during a pandemic that has
disrupted air travel and aircraft manufacturing.
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 Returns to Profit, Maintains Dividend
Total returned to profit in the third quarter of the year as
results benefited from a more favorable environment with oil prices
above $40 a barrel
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
earnings.
LafargeHolcim's Earnings Rise
LafargeHolcim said its profit increased in the third quarter, as
earning grew across regions while costs fell.
Ohio Utility Fires CEO Amid State Bribery Probe
Ohio utility FirstEnergy said it was firing Chief Executive
Charles E. Jones, after an internal review related to government
investigations of the company's potential role in an alleged state
bribery scandal.
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.
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
year.
(END) Dow Jones Newswires
October 30, 2020 07:15 ET (11:15 GMT)
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