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MarketScreener Homepage  >  News  >  Economy & Forex

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News Highlights: Top Company News of the Day

10/28/2020 | 10:16am EST
Apple Faces Antitrust Complaint in France Over iPhone Privacy Changes 

Apple's operating software starting early next year will require apps to get opt-in permission from users to collect their advertising identifier, a number used to deliver targeted ads and check how ad campaigns performed.

Ant Speeds Ahead with Record IPO After Investor Orders Pour In 

The financial-technology company part-owned by Alibaba Group is set to raise at least $34.4 billion through dual listings in Shanghai and Hong Kong.

Boeing Cutting More Jobs in Response to Pandemic 

The aerospace giant is reviewing jet production levels and plans to shed another 7,000 jobs by the end of next year in response to the mounting toll on the global airline industry from a fresh global surge in coronavirus cases.

GlaxoSmithKline 3Q Net Profit Falls, But Beats Forecasts 

GlaxoSmithKline reported a 20% fall in third-quarter net profit, but still beat market estimates, and backed its full-year forecast.

GE's Cost Cuts Offset Troubles in Aviation Unit 

The conglomerate reported another quarter of shrinking revenue due to the trouble aviation industry, but posted a smaller loss and generated cash from its industrial operations.

Sony Gets Lift From Stay-at-Home Demand Ahead of PlayStation 5 Launch 

Sony raised its forecast for its full-year operating profit by nearly $800 million, capping a strong run of results by Japanese electronics makers benefiting from China's revived economy and pandemic technology trends.

Blackstone Earnings Tick Higher as Tech Lifts Portfolio 

The firm posted slightly higher net earnings for the third quarter as its focus on tech-related investments helped its private-equity portfolio rise above broader markets.

IHOP Parent Dine Brands 3Q Profit, Revenue Fall 

Dine Brands Global said profit and revenue fell for the third quarter due to restrictions on dine-in service during the Covid-19 pandemic, and warned that it could close 100 underperforming IHOP restaurants in the U.S.

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.

(END) Dow Jones Newswires

10-28-20 1115ET

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 0.13% 267.25 Delayed Quote.26.00%
APPLE INC. -0.56% 122.25 Delayed Quote.67.46%
DEUTSCHE BANK AG -0.09% 9.742 Delayed Quote.40.84%
DINE BRANDS GLOBAL, INC. 1.56% 70.85 Delayed Quote.-15.17%
GLAXOSMITHKLINE PLC 0.81% 1386 Delayed Quote.-22.09%
SONY CORPORATION -0.08% 9757 End-of-day quote.31.83%
THE BLACKSTONE GROUP INC. 1.04% 62.04 Delayed Quote.10.90%
THE BOEING COMPANY -1.89% 232.71 Delayed Quote.-27.19%
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