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News Highlights: Top Company News of the Day

10/14/2020 | 03:16pm EST
UnitedHealth Profit Declines, Reflecting Return to More Usual Health-Care Levels 

In the spring and early summer, UnitedHealth's insurance unit benefited financially from cost savings as it paid for fewer doctor visits, surgeries and hospital stays this spring and early in the summer.

Bribery Probe Into a Nuclear Plant Bailout Examines Facilities' Owner 

A criminal investigation into an alleged bribe to secure a bailout of troubled nuclear plants in Ohio is looking at the energy company that prosecutors say supplied some of the money and now owns the facilities.

Wells Fargo Earnings Drop 56% 

The lender said third-quarter profit dropped from a year earlier to $2.04 billion. Still, the results were an improvement from the second quarter, when the bank set aside billions for bad loans and reported a loss.

Apple Counts on 5G to Boost iPhone Fortunes in China 

Apple is launching its 5G-enabled smartphones as China's economy is rebounding faster than the rest of the world but also at a time of increasing tech nationalism amid heightened trade tensions with the U.S.

Goldman Sachs Profit Nearly Doubles 

The bank's sharply higher profit is the latest confirmation that, even in a pandemic and a recession, Wall Street can still make money.

Bank of America Profit Falls 16% 

The lender's profit dropped in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession.

Starbucks Ties Executive Pay to Diversity Targets 

The coffee chain said it would mandate antibias training for executives and link their compensation to increasing minority representation in its workforce, becoming the latest company to set fresh diversity goals.

BlackRock Bets on U.K. Electric-Vehicle Startup Arrival With $118 Million Investment 

The New York-based asset manager is joining Arrival's existing backers-auto manufacturers Hyundai and Kia, as well as U.S. delivery giant UPS.

Apparel's Next Hot Destination Could Be Target or Walmart 

Target, Walmart and Tractor Supply Co. might not seem like the coolest places to sell apparel, but brands can't afford to be picky these days.

Israeli Businesses Seek Workarounds as Covid-19 Lockdown Hits Their Bottom Lines 

Israel's second national lockdown is fraying as businesses buck operating restrictions and Israelis grow desperate to secure their livelihoods while the government assesses whether to extend an unpopular shutdown.

(END) Dow Jones Newswires

10-14-20 1515ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.11% 122.94 Delayed Quote.67.66%
BANK OF AMERICA CORPORATION -0.52% 28.91 Delayed Quote.-17.49%
BLACKROCK, INC. -0.41% 715.42 Delayed Quote.42.32%
HYUNDAI CORPORATION 0.67% 15050 End-of-day quote.-15.92%
HYUNDAI MOTOR COMPANY 7.67% 196500 End-of-day quote.63.07%
STARBUCKS CORPORATION 1.21% 100.11 Delayed Quote.12.50%
THE GOLDMAN SACHS GROUP, INC. -0.92% 235.47 Delayed Quote.3.36%
TRACTOR SUPPLY COMPANY -1.44% 134.8 Delayed Quote.46.37%
UNITEDHEALTH GROUP 0.32% 348.68 Delayed Quote.18.23%
WALMART INC. -0.81% 149.3 Delayed Quote.25.63%
WELLS FARGO & COMPANY 1.00% 29.16 Delayed Quote.-45.80%
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