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.