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News Highlights: Top Company News of the Day

10/21/2020 | 09:16pm EST
Google, Justice Department Each Face Challenges in Court Fight 

The U.S. government needs to show how Google's alleged conduct is harmful even as it gives away its services, experts say. Google likely will need to explain why it has paid billions to ensure its search engine is the default on mobile phones.

Quibi Is Shutting Down Barely Six Months After Going Live 

Founder Jeffrey Katzenberg and Chief Executive Meg Whitman decided to shut down the company in an effort to return as much capital to investors as possible instead of trying to prolong the life of the company and risk losing more money.

Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes 

The settlement, which includes guilty pleas, helps clear the way for the bankrupt OxyContin maker to pay cities and states that accuse it of fueling the opioid crisis.

Tesla Extended Profit Streak With Record Quarterly Sales 

The electric-car maker revived a pre-pandemic target to build at least 500,000 vehicles this year.

Chipotle Books Record Sales From Online Orders 

Chipotle Mexican Grill reported its largest-ever quarterly sales as online orders helped offset lost restaurant traffic during the coronavirus pandemic, though the shift created costs that are weighing on profit.

Whirlpool Strains to Meet Appliance Demand 

Whirlpool said supply-chain disruptions are preventing it from making all the kitchen mixers, refrigerators and washing machines Americans are ordering as they wait out the coronavirus pandemic at home.

Former Google CEO Fires Back at Antitrust Suit 

Eric Schmidt says the government's lawsuit against the search giant was misguided: "There's a difference between dominance and excellence."

Ann Taylor Parent Gets Higher Bid for Tween Brand Justice 

Ascena Retail Group Inc., the parent company of apparel retailers Ann Taylor and Lane Bryant, received a new, higher stalking horse offer to buy the intellectual property, e-commerce business and other assets of its tween-oriented chain Justice out of bankruptcy.

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.

(END) Dow Jones Newswires

10-21-20 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.70% 1775 Delayed Quote.31.71%
ASCENA RETAIL GROUP, INC. -21.24% 0.2678 Delayed Quote.-95.56%
CHIPOTLE MEXICAN GRILL INC. -0.17% 1274.54 Delayed Quote.52.51%
TESLA, INC. 3.37% 593.7227 Delayed Quote.586.06%
THE BOEING COMPANY -0.16% 217.28 Delayed Quote.-33.20%
WHIRLPOOL 0.01% 200.13 Delayed Quote.35.65%
WHIRLPOOL S.A. 1.07% 7.56 End-of-day quote.-26.24%
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