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News Highlights: Top Company News of the Day

10/26/2020 | 06:16pm EST
Hospital Merger Seeks to Create Regional Giant in the West 

Intermountain Healthcare and Sanford Health would operate 69 hospitals across six states.

Global Insurer AIG to Divest Life-Insurance Business 

Current President Peter Zaffino will run the insurer as CEO starting March 1, while current Chief Executive Brian Duperreault will become executive chairman, the latest moves at a firm that in recent years has faced shareholder activists.

Ant to Raise More Than $34 Billion in Record IPO 

The Chinese financial-technology giant will list its shares in what is set to be the world's biggest-ever initial public offering, a deal that bypasses U.S. stock exchanges.

Dunkin' Brands in Talks to Be Acquired by Arby's Parent 

The parent of Dunkin' and Baskin-Robbins said it has held early talks to go private in an acquisition by Inspire Brands, whose portfolio includes Arby's, Buffalo Wild Wings and Jimmy John's chains.

U.K. Betting Firm Genius Sports to Go Public 

The company has struck a $1.5 billion deal to start trading on public markets by merging with a U.S. blank-check company, people familiar with the matter said, a move that targets the growing U.S. sports-wagering industry.

BuzzFeed Expects to Break Even, Thanks to Heavy Cost Cuts 

Through roughly $30 million in cost reductions-a mix of furloughs, pay cuts, layoffs and other changes-the digital media company said its finances are stabilizing after the pandemic hurt its ad revenue.

Mexican-Restaurant Chain Rubio's Files for Chapter 11 

Rubio's Restaurants, a chain of more than 150 Mexican eateries known for fish tacos, has filed for bankruptcy protection citing restrictions imposed due to the coronavirus pandemic.

Hasbro Posts Rise in 3Q Profit 

Hasbro logged a third-quarter profit of $220 million, or $1.61 a share, but revenue from the company's operations that rely on live events suffered during coronavirus pandemic.

Facebook Moves Into Cloud Gaming 

The social-media company's free-to-play model differs from the paid, subscription cloud-gaming services of rivals such as Google and Microsoft.

Oxford, AstraZeneca Vaccine Shows Promising Immune Response in Older Adults 

A Covid-19 vaccine being developed by the University of Oxford and AstraZeneca showed a promising immune response and low levels of adverse reactions in the elderly and older adults, according to an interim analysis.

(END) Dow Jones Newswires

10-26-20 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.10% 2097.07 Delayed Quote.16.05%
AMERICAN INTERNATIONAL GROUP INC 1.51% 46.97 Delayed Quote.24.06%
ASTRAZENECA PLC 0.01% 6858 Delayed Quote.-6.38%
FACEBOOK INC 2.58% 264.28 Delayed Quote.-5.68%
HASBRO, INC. 2.76% 94.79 Delayed Quote.-0.55%
MICROSOFT CORPORATION 2.15% 231.6 Delayed Quote.2.31%
SANFORD LIMITED 3.30% 4.69 End-of-day quote.-10.33%
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