Dollar General to Open Stores Aimed at Wealthier Shoppers

The discount chain plans to open a new brand of stores called Popshelf that mostly sells things shoppers don't need but might want, such as party supplies, home decor or beauty products. 


 
Wells Fargo CEO Finds Himself on Defense After a Tough First Year

A long list of challenges confronted Wells Fargo Chief Executive Charles Scharf when he was brought in to restore the bank's tarnished reputation. In the year since, his problems have only multiplied. 


 
JPMorgan Unveils Push to Bridge Racial Wealth Gap

America's largest bank is focusing on expanding access to affordable housing and boosting minority-owned small businesses. 


 
Chinese Fintech Company Lufax Plans U.S. IPO

Even as some Chinese companies are opting to sell stock closer to home, Lufax plans to raise about $3 billion from a U.S. initial public offering, a person familiar with the situation said. 


 
Samsung Forecasts Highest Operating Profits in Two Years

Samsung Electronics said it expects around 12.3 trillion won ($10.6 billion) in operating profits for the third quarter, rising on the same period a year earlier and driven by stronger smartphone and consumer electronics sales. 


 
EasyJet Warns of Possible GBP845M Loss

EasyJet warned it expects to report an annual loss of up to GBP845 million, and current travel restrictions will likely limit it to fly at around 25% of capacity for the first quarter of 2021. 


 
Samsung's Blowout Quarter is the Flipside of Huawei's Woes

Samsung results owe a lot to the travails of Chinese rival Huawei. Not all of the good bad news will last, however. 


 
Facebook to Suspend U.S. Political Ads on Election Day

The social-media company takes its latest step to combat potential confusion and abuse related to the vote. 


 
Supreme Court Weighs Copyright Fight Between Google and Oracle

The high court's justices seemed to look for a resolution to the multibillion-dollar battle that would retain legal protections for software code without throwing the tech industry into disarray. 


 
24 Hour Fitness Enters Restructuring Support Agreement

24 Hour Fitness Worldwide Inc. on Wednesday said it entered into a restructuring support agreement with holders of about 73% of its secured debt and about 65% of its senior unsecured notes.

(END) Dow Jones Newswires

10-08-20 0715ET