Foxconn's Terry Gou Says Big Wisconsin Project Hinges on State Aid

Terry Gou's comments were his most explicit yet that a major project in Wisconsin could be scaled back and might not be completed if state officials don't come through with promised aid. 


 
Pioneer Natural Resources Is in Talks to Buy Parsley Energy

The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month, according to people familiar with the matter. 


 
Intel Enters Deal to Sell NAND Memory Unit to SK Hynix

The U.S. semiconductor giant has reached a deal to sell its flash-memory manufacturing business to South Korea's SK Hynix Inc. for about $9 billion. 


 
Ant Nears Giant IPO After Green Light From Hong Kong's Exchange

Hong Kong's stock exchange gave Ant Group approval to proceed with its long-awaited initial public offering in the city, paving the way for what will likely be a record-breaking share sale. 


 
Moderna CEO Expects Covid-19 Vaccine Interim Results in November

Moderna Chief Executive Stéphane Bancel said the federal government could authorize emergency use of the company's experimental Covid-19 vaccine in December, if the company gets positive interim results in November from a large clinical trial. 


 
WeWork Exec Says Consulting Deal With Neumann No Longer in Place

A $185 million agreement that SoftBank Group signed with WeWork co-founder Adam Neumann upon his departure last year is no longer in place, a company executive chairman said. 


 
Kodak to Push Forward on Making Drug Ingredients Despite U.S. Loan Troubles

Eastman Kodak's Jim Continenza defended his company's handling of a halted $765 million U.S. loan, though he conceded his company has been understaffed, particularly amid the coronavirus pandemic. 


 
Universal Tosses Cinemas a Lifeline While Testing New Distribution Model

The Comcast-owned studio is releasing substantially more films to theaters this holiday season as it tries to spur attendance for troubled cinemas-and boost its push to reset distribution norms. 


 
BHP's Group Production Rises 2%

The miner said group copper-equivalent production rose 2% in the quarter ended Sept. 30, and largely kept its production and unit-cost guidance unchanged for fiscal 2021. 


 
AT&T Chief Says Tech Giants Hold Too Much Power Over Streaming

HBO Max is gaining viewers but is up against big tech companies with outsize market power, said John Stankey, CEO of the service's parent company who called for more scrutiny of platform operators.

(END) Dow Jones Newswires

10-20-20 0115ET