News Highlights: Top Company News of the Day
Chevron Posts Loss as Pandemic Continues to Hurt Demand
The oil company swung to a loss for the September quarter as the
Covid-19 pandemic continued to sap oil demand and crude prices
KKR's Third-Quarter Profit Tops $1 Billion
The private-equity firm reported a big bump in third-quarter
total investment income after rivals Blackstone and Carlyle posted
Colgate-Palmolive 3Q Sales Rose 5.5%
The consumer products company reported net income for the third
quarter of $698 million, or 81 cents a share, compared with $578
million, or 67 cents a share, a year earlier.
Europe's Airlines Cut Flights as Virus Cases Rise
Europe's major carriers are cutting capacity plans for the end
of the year as they grapple with a surge in coronavirus cases and
new restrictions to limit the spread of the viral disease.
Newell Brands Returns to Profit in 3Q
The consumer-goods conglomerate posted a profit of $304 million,
or 71 cents a share, compared with last year's loss of $626
million, or $1.48 a share.
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.
Tupperware Comes Out of the Deep Freeze
Tupperware keeps home-cooking fresh. It turns out a boom in
home-cooked meals is also freshening up the storied kitchen
LyondellBasell 3Q Profit Falls
LyondellBasell Industries said profit fell sharply in the latest
quarter as demand fell for plastics and jet fuel as a result of the
pandemic, leading to a write-down of its Houston refinery.
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.
(END) Dow Jones Newswires
October 30, 2020 09:15 ET (13:15 GMT)
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