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News Highlights : Top Company News of the Day

10/26/2020 | 12:16am EST
Software Maker SAP's Profit and Sales Declined 

As a result of the weaker business in the third quarter and uncertainty from the pandemic, SAP cut its outlook on earnings and revenue for the full year.

Apple's Services Business Could Be Hit in Google Antitrust Battle 

A multibillion-dollar deal in which Google pays to be the default search engine on Apple devices is at the heart of the case the U.S. government filed against Google. That deal is also at the heart of Apple's services unit.

Facebook Prepares Measures in Case of Election Unrest 

The emergency measures, originally designed for countries facing mass ethnic or political bloodshed, include slowing the spread of viral content and lowering the bar for suppressing potentially inflammatory posts.

Coca-Cola Amatil Gets $6.62 Billion Takeover Offer 

Coca-Cola Amatil said it had received a takeover proposal worth $6.62 billion from the company that bottles Coca-Cola products in Western Europe.

Samsung Heir Takes Reins of Tech Giant Stuck in Father's Past 

With Lee Kun-hee's son preparing to formally take the reins, Samsung must confront a major challenge: the company still looks like the father's Samsung, not a business poised for the future.

Blackstone to Buy Simply Self Storage for About $1.2 Billion 

Blackstone Group has struck a deal to buy Simply Self Storage from Brookfield Asset Management, making a bet on a sector that has remained strong throughout the coronavirus pandemic.

Cenovus and Husky to Merge in $2.89 Billion Deal 

The deal, unveiled early Sunday, would create the third-largest oil and natural-gas producer in Canada and the second-largest Canadian refiner.

PG&E to Cut Power to Hundreds of Thousands 

PG&E said it was planning to pre-emptively cut power to about 361,000 customers in northern and central California in an effort to prevent wildfires, marking the largest such shut-off it has reported this year.

To Find a Coronavirus Vaccine, GlaxoSmithKline Is Bonding With Its Biggest Competitors 

The hunt for a solution to Covid-19 is producing an unlikely team of rivals in the cutthroat world of pharmaceuticals.

Why You Might Have Trouble Getting the Refrigerator or Car You Want 

U.S. manufacturers are falling short of demand for goods from cars to appliances to lawn mowers that consumers are buying in big numbers as the pandemic drags on.

(END) Dow Jones Newswires

10-26-20 0115ET

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