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News Highlights: Top Company News of the Day

10/28/2020 | 06:16am EST
UPS Posts Strong Gains as Package Volumes Swell 

United Parcel Service said revenue rose nearly 16% in the third quarter as its business continues to be boosted by the influx of packages moving domestically and internationally during the pandemic.

Deutsche Bank Swings to Profit, Lowers Bad-Loan Provisions 

The lender returned to a third-quarter profit, beating expectations as it benefited from a strong performance in investment banking and a faster-than-anticipated recovery in its home market.

Sony's Second-Quarter Net Profit More Than Doubled 

Sony's second-quarter net profit more than doubled from a year earlier thanks to greater earnings from its game business and a drop in tax expenses.

Heineken to Buy Strongbow Cider Brand 

Heineken will buy cider brand Strongbow from Asahi in Australia, after the Japanese firm put up those assets for sale to meet regulatory requirements.

Microsoft Continues to Ride Virus-Fueled Demand for Cloud 

The software company expects the pandemic-era surge in demand for cloud-computing services, videogaming and computers that delivered a solid quarter to persist at least through the rest of the year.

Equitable Reaches Deal With Venerable to Reinsure $12 Billion in Annuities 

Equitable has entered an agreement with Venerable for the privately held company to reinsure 114,000 variable-annuity policies sold between 2006 and 2008.

Visa's Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department 

The DOJ, making preparations for potential litigation, could soon decide whether it will sue to block Visa's purchase of the fintech firm.

Bayer, BASF Weedkillers Cleared by EPA for Another Five Years 

The agency said its reapproval of dicamba herbicides, which have been blamed for damaging millions of acres of crops in recent years, would provide clarity to farmers who say they need the spray to combat hard-to-kill weeds.

Revlon Warns of Possible Bankruptcy Reorganization if Bond Swap Flops 

The beauty-products maker warned bondholders about the substantial risk of a bankruptcy restructuring if they don't participate in a proposed debt exchange.

Purdue Creditors Committee Criticizes U.S. Deal With Sackler Family 

The federal government's proposed settlement with the Sackler family members who own OxyContin maker Purdue Pharma ran into opposition from company creditors worried that less money will be left over for them.

(END) Dow Jones Newswires

10-28-20 0715ET

Stocks mentioned in the article
ChangeLast1st jan.
ASAHI CO., LTD. 1.29% 1649 End-of-day quote.1.54%
ASAHI GROUP HOLDINGS, LTD. -1.08% 4294 End-of-day quote.1.18%
ASAHI HOLDINGS, INC. 3.10% 4330 End-of-day quote.18.14%
BASF SE 1.46% 65.47 Delayed Quote.-0.29%
BAYER AG 0.87% 51.94 Delayed Quote.6.93%
DEUTSCHE BANK AG 1.95% 8.776 Delayed Quote.-3.81%
HEINEKEN HOLDING N.V. 0.47% 74.65 Real-time Quote.-3.57%
HEINEKEN N.V. 0.62% 87.64 Real-time Quote.-4.52%
MICROSOFT CORPORATION 0.87% 231.93 Delayed Quote.1.59%
REVLON, INC. -3.86% 11.675 Delayed Quote.2.44%
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