BTS Frenzy Drives Hit K-Pop IPO
Shares in Big Hit Entertainment, the management company behind the South Korean pop sensation, roughly doubled from their initial public offering price by early afternoon in Seoul.
United Airlines Hunkers Down for Long Air-Travel Drought
Cash has become key for airlines trying to make it through the most severe challenge in memory, with demand for travel languishing and little revenue coming in.
TikTok Supplier Fastly Cuts Expectations, Cites Weakness at Video App
Fastly Inc. lost more than a quarter of its value late Wednesday after the internet content deliverer lowered its revenue guidance because of reduced use from its largest customer.
Vista Equity's Robert Smith Reaches Settlement With DOJ
The billionaire is set to pay $140 million and admit liability for additional taxes owed and not properly filing foreign bank account reports but won't be prosecuted.
Facebook, Twitter Limit Sharing of New York Post Articles That Biden Disputes
Twitter on Wednesday blocked users from posting links to the articles, and Facebook has slowed the spread of the articles pending guidance from its fact-checking partners.
Wells Fargo Fires Employees Who Applied for SBA Pandemic Loans
Wells Fargo & Co. fired more than 100 employees for allegedly defrauding a federal pandemic-relief program.
Meat Giant JBS's Owner Settles U.S. Corruption Charges
J&F, which controls the world's largest meatpacker, agreed to pay $128 million to settle a long-running legal dispute in the U.S. over bribes it paid in Brazil.
China Drugmaker Gives Unproven Covid-19 Vaccine to Students Going Abroad
China is expanding distribution of coronavirus vaccines outside of clinical trials, with a state-owned company offering them to students going abroad amid a campaign by officials to boost public confidence in homegrown inoculations.
Mallinckrodt Faces Early Skeptics on Bankruptcy Strategy
Mallinckrodt PLC said Wednesday it aims to broaden support for a proposed bankruptcy restructuring and $1.6 billion settlement of opioid-related litigation, while representatives for some counties, tribes and lenders said they have problems with how the drugmaker wants to reorganize.
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.
(END) Dow Jones Newswires
10-15-20 0115ET
