JPMorgan Profit Shows Resilience in Face of Covid-19

The largest bank in the U.S. by assets set aside just $611 million for potential future loan losses, compared with $10.47 billion in the previous quarter. 


 
Boeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules

The World Trade Organization said the European Union may impose tariffs on $3.99 billion in Boeing jets and other U.S. goods as part of a long-running trade dispute. 


 
Capital Group Boosts Stake in Deutsche Bank

The U.S. investor's move sounds a note of confidence in the troubled European banking sector. 


 
Citigroup Profit Falls 34%

The bank set aside billions of dollars in the third quarter to cover potential losses in the coronavirus recession. Still, the results were better than the second quarter's and topped analyst expectations. 


 
Theater Chain AMC Says It Could Run Out of Cash by Year End

AMC Entertainment Holdings may be out of cash by the end of the year if it doesn't raise additional funds or if attendance doesn't improve from current lows during the coronavirus pandemic, the company said. 


 
Delta Says Air Travel Recovery Still Far Off Amid Pandemic

Delta Air Lines said its losses were mounting, as the coronavirus pandemic looks likely to continue weighing on travel for years, but it offered cautious optimism that demand is starting to return. 


 
Blackstone-Backed Lender Is Set for IPO

Finance of America Equity Capital, a Blackstone Group-backed consumer-lending platform, is set to go public with a $1.9 billion valuation in a merger with blank-check company Replay Acquisition. 


 
Best Companies at Managing Environmental Risk

Heavy-goods makers lead the way in this category of the WSJ 100 sustainable companies ranking 


 
Royal Caribbean Could Idle More Vessels

Royal Caribbean Group said it could reassess the employment of its U.S. shoreside workforce, including those coming back from furlough, and idle more ships as it seeks to cut costs in the event of a prolonged sailing hiatus 


 
Tupperware Taps Finance Chief Harris for Operations Role

Tupperware Brands said it would make Chief Financial Officer Cassandra Harris its chief operations officer, giving her two major executive positions to oversee.

(END) Dow Jones Newswires

10-13-20 1115ET