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.


 
Microsoft Teams With SpaceX to Push Cloud Battle With Amazon Into Orbit 
 

Microsoft will help connect and deploy new services using swarms of low-orbit spacecraft being proposed by SpaceX, part of an initiative targeting commercial and government space businesses that comes just months after Amazon disclosed its own space-focused effort.


 
UBS Profit Doubles on Trading Surge 
 

The Swiss lender said a surge in client trading and deal making is freeing up cash for dividends and share buybacks despite the coronavirus pandemic.


 
Swedbank Profit Beats Forecast 
 

Swedbank posted a forecast-beating net profit for the third quarter of SEK5.26 billion, as net income commission was boosted by strong stock market conditions.


 
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.


 
BMW Sees Improved Cash Flow 
 

BMW said free cash flow for its automotive segment exceeded expectations in the third quarter, as several markets experienced a faster recovery, leading to increased sales.


 
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.


 
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.


 
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 Production Rises 2% 
 

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

(END) Dow Jones Newswires

10-20-20 0715ET