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News Highlights : Top Company News of the Day

10/21/2020 | 01:16pm EST
Boeing Discussing New Plane as It Starts to Emerge From MAX Crisis 

Early talks with customers are gauging interest in a single-aisle aircraft with improved engines that could carry between 200 and 250 passengers.

Ant Group's Giant IPOs Set to Launch After Regulators Clear the Way 

The Chinese financial technology giant said investors in mainland China have committed to purchasing more than a third of the shares it plans to sell in a pair of blockbuster initial public offerings.

Judge in Google Lawsuit Presided Over Major Antitrust Case 

The Justice Department's lawsuit against Google has been assigned to U.S. District Judge Amit Mehta, an Obama appointee who presided over a major antitrust case in the food-distribution sector.

Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes 

The settlement helps clear the way for the bankrupt OxyContin-maker to turn over future profits to cities and states that accuse it of fueling the opioid crisis. The company still faces scrutiny from states.

Verizon Holds Its Ground Ahead of iPhone 12 Release 

The carrier's wireless and broadband businesses stabilized in the third quarter despite the lasting effects of the pandemic, allowing the company to upgrade its profit target for the year.

Pfizer Sets Up Its 'Biggest Ever' Vaccination Distribution Campaign 

The drugmaker is preparing to ship over a billion doses of Covid-19 vaccine using frozen boxes, cargo planes and trucks in a mega logistics operation.

Nasdaq Chief Financial Officer Michael Ptasznik to Retire in February 

Nasdaq Inc. on Wednesday said Michael Ptasznik plans to retire as chief financial officer, effective Feb. 28.

IPG Names Philippe Krakowsky as CEO 

Mr. Krakowsky, currently the ad holding company's chief operating officer, will succeed Michael Roth next year.

Pandemic-Era Shoppers Splurge on Vitamins, Boosting Nestlé Sales 

Nestlé said the virus has increased consumers' health consciousness, boosting the company's small but fast-growing health-sciences unit and contributing to better-than-expected overall sales.

Cathay Pacific Slashes Workforce as Travel Forecasts Remain Bleak 

Hong Kong's flagship carrier will cut its workforce by a quarter and close a subsidiary airline as it seeks to stem losses from a coronavirus-induced downturn that is expected to devastate the aviation industry for years.

(END) Dow Jones Newswires

10-21-20 1315ET

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