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News Highlights: Top Company News of the Day

09/23/2020 | 09:16am EST
General Mills Reports Stronger Sales, But Growth Moderates 

The food maker reported higher sales for its latest quarter, but growth was slower than in the spring, when consumers first quarantined at home amid efforts to curtail the spread of the coronavirus.

Johnson & Johnson Begins Final-Stage Testing of Covid-19 Vaccine 

J&J said it could learn pivotal results from its coronavirus vaccine trial by early next year, which if positive could lead to government authorization of the shot for emergency use soon afterward.

Uncle Ben's Changes Brand Rooted in Racist Imagery 

Mars is changing the name of Uncle Ben's rice to Ben's Original and dropping the image of a bow-tied Black man from its packaging.

Volkswagen Trucking Business Invests in Self-Driving Truck Developer TuSimple 

Volkswagen unit Traton Group will work with TuSimple to develop self-driving trucks and take a stake in the technology company as part of their agreement.

Stitch Fix Is Nearing the End of Its Vertical Runway 

Stitch Fix's results were clearly not the showstopper Wall Street had hoped for.

Bank of East Asia Plans Sale of Life Insurance Business 

Bank of East Asia plans to sell its life insurance business as part of its strategic review to enhance the bank's financial position and focus on its core business in Hong Kong and China.

Musk Promises $25,000 Tesla Using Cheaper Batteries 

The company has an eventual annual production target of 20 million vehicles, potentially becoming the world's largest auto maker.

ViacomCBS Stays All In on Showtime 

The company's CEO, Bob Bakish, holds that the premium network, with its original shows, movies and boxing, is strong enough to compete on its own, rather than as part of the coming Paramount+ streaming service.

United Wholesale Mortgage Goes Public in Biggest SPAC Deal Ever 

The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion.

Palantir Projects Full-Year Revenue to Surpass $1 Billion 

Palantir Technologies expects revenue to top $1 billion this year, as the company unveils its outlook ahead of its long-anticipated stock listing following decades of teasing the market with plans to go public.


Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MILLS, INC. 0.45% 60.8759 Delayed Quote.13.93%
PALANTIR TECHNOLOGIES INC. 7.05% 25.3818 Delayed Quote.0.00%
STITCH FIX, INC. -2.03% 38.125 Delayed Quote.51.91%
TESLA, INC. -0.35% 554.6112 Delayed Quote.563.81%
THE BANK OF EAST ASIA, LIMITED 1.36% 16.4 End-of-day quote.-5.75%
VOLKSWAGEN AG -2.54% 152.04 Delayed Quote.-11.48%
ZR (ZR) - CBE (ELECTRONIC)/C1 -0.28% 12.405 End-of-day quote.-5.29%
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