Morgan Stanley Profit, Revenue Rise

The Wall Street firm said its quarterly profit rose 25% from a year ago, another big U.S. bank to skate unscathed through the rockiest economy in years. 


 
Walgreens Profit Falls As U.K. Business Struggles

Retail sales at the Boots U.K. unit fell more than 29%, with the coronavirus reducing consumer visits at stores on major shopping streets, in train stations and in airports. 


 
IBM, ServiceNow Partner on AI Effort Aimed at Identifying IT Anomalies

The new offering will combine ServiceNow's IT Service Management and IT Operations Management systems with IBM's recently introduced Watson AIOps. 


 
Facebook, Twitter Limit Sharing of New York Post Articles That Biden Disputes

Twitter on Wednesday blocked users from posting links to the articles, and Facebook has slowed the spread of the articles pending guidance from its fact-checking partners. 


 
Fiat Chrysler, Union Avert Canada Strike With Tentative Deal

Fiat Chrysler and the union representing about 9,000 workers at its three Canadian factories reached a tentative agreement, averting a strike that threatened to ripple across the auto maker's North American operations. 


 
BTS Frenzy Drives Hit K-Pop IPO

Shares in Big Hit Entertainment, the management company behind the South Korean pop sensation, roughly doubled from their initial public offering price by early afternoon in Seoul. 


 
Publicis Revenue Beats Expectations, but Ad Giant Warns of Challenges

Organic revenue fell 5.6% in the third quarter, less than the 13% drop in the second quarter. Covid-19 could make the fourth quarter very difficult, CEO Arthur Sadoun says. 


 
Recycled-Plastic Maker Loop Denies Short Seller's Accusations

Loop Industries denied accusations by short seller Hindenburg Research that the company lied about its recyclable-plastic technology. 


 
TikTok Supplier Fastly Cuts Expectations, Cites Weakness at Video App

Fastly Inc. lost more than a quarter of its value late Wednesday after the internet content deliverer lowered its revenue guidance because of reduced use from its largest customer. 


 
Investors Bankroll Virtual-Care Startup 98point6 With $118 Million

The novel coronavirus pandemic has accelerated adoption of digital-health services, including telehealth.

(END) Dow Jones Newswires

10-15-20 0915ET