Marvell Nears Deal to Buy Inphi

Marvell Technology Group Ltd. is nearing a deal to buy Inphi, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates. 


 
Credit Suisse Targets Share Buybacks, Higher Dividend

Swiss lender Credit Suisse Group said it plans to start buying back shares and raise its dividend, as investment activity by wealthy clients helped buoy its third-quarter earnings. 


 
Standard Chartered's Pretax Underlying Profit Falls 40%

Standard Chartered's third-quarter pretax underlying profit slumped 40%, as credit impairments continued to rise sharply due to the pandemic, albeit at a slower pace than in previous quarters. 


 
Airbus Books a 3rd Quarter Net Loss

Airbus reported a net loss in its third quarter and booked a restructuring provision in the face of a persistent coronavirus pandemic that has been particularly hard on the aviation industry. 


 
Nokia Cuts Guidance, Announces Strategic Shake-Up

Nokia posted a third-quarter rise in net profit but cut guidance and announced a strategic shake-up as the company expects a challenging year in 2021. 


 
Volkswagen Earnings Declined; Backs 2020 View

Volkswagen posted lower third-quarter earnings and revenue but said that it noticed a clear recovery in the period, and backed its guidance for the full year. 


 
Shell Posts Profit, Pledges to Cut Debt Amid New Cash Allocation Framework

Royal Dutch Shell reported narrowed profit for the third quarter which came in ahead of market expectations and unveiled a new cash allocation framework which includes targets to reduce net debt to $65 billion, progressively increase dividends, and free up cash to grow its low-carbon business. 


 
WPP Remains Cautious About Pace of Recovery

WPP said that it remains cautious about the pace of recovery in light of tightening coronavirus restrictions around the world, and said third-quarter comparable net sales fell less than in the previous quarter. 


 
Tiffany Agrees to New Deal Terms With LVMH

Tiffany agreed to accept a lower price in its takeover by LVMH, ending a dispute between the luxury-goods companies that erupted after the coronavirus pandemic upended the industry. 


 
Orange 3Q Revenue Rose; Increased Dividend

Orange said that revenue for the third quarter increased as growth in France and Africa and the Middle East offset a decline in the other segments, and it raised its interim dividend to be paid out in December.

(END) Dow Jones Newswires

10-29-20 0515ET