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News Highlights: Top Company News of the Day

10/22/2020 | 01:16pm EST
Goldman to Recoup, Cut Executives' Pay After 1MDB Fines 

Goldman Sachs is seizing tens of millions of dollars from top executives including CEO David Solomon after agreeing to a costly settlement to resolve government investigations into its role in a Malaysian bribery scandal.

Google Lawsuit Could Alter Business Calculations in Enterprise Tech Market 

The antitrust lawsuit filed against Google this week is focused mostly on the consumer business, but it also will have implications for the enterprise tech market where Google aspires to a greater role.

AMC Bonds Fall Despite Theater Reopenings 

Analysts say the company is in danger of running out of cash without new blockbusters to attract moviegoers.

Hotels Reckon With Business Travel's Collapse 

When the coronavirus hit, they lost a big chunk of their clientele overnight. Now, they are preparing for a long downturn

Airlines' Losses Mount, but Demand Shows Improvement 

Southwest said it lost nearly $1.2 billion during the third quarter. American lost $2.4 billion and Alaska Air reported losing $431 million.

Google's Antitrust Woes Seen Helping Microsoft's Bing 

The target of the U.S. government's last major tech antitrust campaign, Microsoft, could be the biggest beneficiary of its newest, the lawsuit the Justice Department filed this week against Google.

Goldman Sachs Malaysia Subsidiary Pleads Guilty in 1MDB Case 

A unit of Goldman Sachs pleaded guilty to conspiring to violate U.S. antibribery laws, the first step in an expected resolution of a long-running investigation into its role in a Malaysian corruption scandal.

Coca-Cola Expects Growth in China Even as Global Sales Slide 

The beverage company expects to see growth this year in China, even as its global sales continue to decline because of the closures of restaurants, bars, movie theaters and sports stadiums elsewhere around the world.

Northrop Grumman Posts 3Q Sales, Profit Growth 

Northrop Grumman posted a larger profit and stronger revenue year over year in the latest three-month period, led by growth in the company's aeronautics division.

Kimberly-Clark Misses 3Q Adjusted Profit Expectations 

Kimberly-Clark reported net income of $472 million down from $671 million or the year-earlier period. An adjusted profit for the quarter of $1.72 a share missed expectations from analysts by 4 cents.

(END) Dow Jones Newswires

10-22-20 1315ET

Stocks mentioned in the article
ChangeLast1st jan.
ALASKA AIR GROUP, INC. -1.11% 50.955 Delayed Quote.-23.91%
ALPHABET INC. -1.90% 1753.18 Delayed Quote.33.42%
MICROSOFT CORPORATION -1.36% 212.38 Delayed Quote.36.48%
NORTHROP GRUMMAN CORPORATION -1.47% 301.28 Delayed Quote.-11.03%
THE GOLDMAN SACHS GROUP, INC. -1.85% 230.9799 Delayed Quote.2.38%
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