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News Highlights: Top Company News of the Day

10/29/2020 | 08:16am EST
Kraft Heinz Draws Customers Back to Familiar Brands 

The food maker said higher grocery demand during the coronavirus pandemic is setting the company up to exceed sales expectations for next year.

Comcast Burdened by Covid-19's Impact on Theme Parks 

Limited traffic at theme parks and movie theaters during the recent quarter was partly offset by a record number of broadband-subscriber sign-ups.

Airbus Stems Cash Losses, Warns of Delayed Recovery 

The world's largest plane maker stemmed an outflow of cash as it learned to navigate an industry reeling from the pandemic, but also said the aviation market's recovery would start later than initially forecast.

Yum Brands 3Q Profit Lifted; Revenue Beats Expectations 

The restaurant company behind Taco Bell, KFC and Pizza Hut reported net income of $283 million, or 92 cents a share, up from $255 million, or 81 cents a share a year ago.

Online Beer Sales, Drinking at Home, Boosts Budweiser Brewer 

Homebound drinkers bought more beer online and at supermarkets, boosting organic sales at AB InBev and cushioning the revenue lost at restaurants and bars amid Covid-19 restrictions.

Apollo Earnings Fall as CEO Wrangles With Jeffrey Epstein Ties 

Apollo Global Management reported lower third-quarter earnings Thursday as the firm's Chief Executive Leon Black prepares to confront renewed speculation about his ties to the late financier Jeffrey Epstein.

Shell Tries to Woo Investors With Dividend Raise, Promise of Future Payouts 

Shell reported a small profit, raised its dividend and said it planned to increase shareholder payouts, offering an upbeat assessment of its ability to weather the pandemic-inspired demand shock that has kept oil prices weak.

LVMH Saves Face but Little Money 

After a high-profile war of words, the French luxury group got a modest 2.6% cut to the price it originally offered for U.S. jeweler Tiffany.

Spotify Recovers From Early-Pandemic Slump 

Spotify moved past a slump that hit early in the pandemic, as customers collectively spent more time listening to the service than before Covid-19 shutdowns.

Carlyle Earnings Climb on Strong Growth in U.S., Asia 

Carlyle Group's third-quarter earnings jumped as the value of investments in some of the firm's U.S. and Asia buyout funds posted strong appreciation.

(END) Dow Jones Newswires

10-29-20 0915ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBUS SE 0.22% 90 Real-time Quote.-31.02%
APOLLO GLOBAL MANAGEMENT, INC. 0.02% 43.87 Delayed Quote.-8.05%
COMCAST CORPORATION -0.10% 51.75 Delayed Quote.15.08%
LONDON BRENT OIL 1.13% 48.24 Delayed Quote.-27.73%
LVMH MOËT HENNESSY - LOUIS VUITTON SE 0.05% 496 Real-time Quote.19.75%
SPOTIFY TECHNOLOGY S.A. 2.79% 277.62 Delayed Quote.85.64%
THE CARLYLE GROUP INC. -0.49% 28.63 Delayed Quote.-10.75%
THE KRAFT HEINZ COMPANY 0.92% 32.84 Delayed Quote.2.21%
WTI 1.29% 45.54 Delayed Quote.-26.73%
YUM BRANDS 0.53% 107.18 Delayed Quote.5.84%
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