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News Highlights : Top Company News of the Day

10/28/2020 | 12:16pm EST
Tiffany, LVMH Near Agreement on New Deal Terms 
 

The luxury-goods companies have come to a preliminary agreement on new deal terms that would call for LVMH to pay $131.50 for the iconic U.S. jewelry maker, down from a prior agreement of $135 a share.

 
Windows Fogs Microsoft's Outlook 
 

Slump in corporate PC demand takes a toll, though cloud business continues to shine.

 
Mastercard's Revenue Hurt by Distancing, Border Restrictions 
 

The credit-card company's revenue for the third quarter fell 14% from a year earlier, hit by a steep drop in cross-border volume.

 
Fiat Chrysler Post Record Third-Quarter Profits, Reinstates Full-Year Guidance 
 

Fiat Chrysler Automobiles NV posted record operating profits in the third-quarter, riding a surge in demand for expensive pickups and a rebound in the U.S. auto market.

 
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.

(END) Dow Jones Newswires

10-28-20 1315ET

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