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News Highlights: Top Company News of the Day

10/29/2020 | 04:16pm EST
Apple's Sales Rise in Pandemic 

Apple benefited from a significant uptick in sales of laptops and iPads due to the pandemic, even as quarterly iPhone sales fell from a year earlier after a delay in the launch of the company's flagship new smartphone.

Amazon Sales Surge Amid Pandemic-Driven Online Shopping 

Amazon.com online orders continue to surge during the pandemic, with the e-retail giant projecting a bumper end to the year as it posted strong third-quarter earnings.

Google Stock Soars on Gangbuster Earnings 

Google parent Alphabet posted a profit of $11.2 billion, blasting through an earlier pandemic-fueled slow patch and returning to the steady growth that made the tech conglomerate one of the corporate world's most stable bets.

Starbucks Says Customers Are Coming Back to Cafes 

The coffee giant forecasts a return to sales growth next year.

Netflix Raises Prices as Competition Increases 

The streaming service raised the monthly price of its most popular plan for the first time since early 2019 as it competes with a growing number of cheaper alternatives.

Walmart Pulls Guns, Ammo Displays in U.S. Stores, Citing Civil Unrest 

The retail giant, which sells firearms in about half of its 4,700 U.S. stores, said customers can still purchase guns and ammunition upon request even though they are no longer on display.

Quibi Adversary Asks Court to Freeze Some of the Company's Assets 

A company that has accused Quibi of infringing on patented technology is seeking a court order barring the streaming-video service from distributing some of its assets to investors as it winds down the business.

Juul Cuts Valuation to $10 Billion 

The e-cigarette maker has dropped its valuation to about $10 billion, down from $38 billion two years ago when tobacco giant Altria took a 35% stake, the company told employees on Thursday.

Airlines Spar With U.S. Over Covid-19 Testing vs. Quarantines for International Flights 

U.S. transportation officials and airlines are at odds with public-health officials over whether people who test negative for coronavirus before they travel should still have to quarantine when they arrive in the U.S., according to people familiar with the matter.

State Department Rules Two Americans Can Be Extradited to Japan in Ghosn Case 

A federal judge quickly stayed the extradition of Ex-Green Beret Michael Taylor and son Peter alleged to have helped Carlos Ghosn escape Japan for Lebanon.

(END) Dow Jones Newswires

10-29-20 1715ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -0.17% 1760.08 Delayed Quote.31.69%
ALTRIA GROUP, INC. -0.56% 40.799 Delayed Quote.-17.85%
AMMO, INC. 4.47% 2.54 Delayed Quote.148.48%
APPLE INC. 1.13% 115.97 Delayed Quote.55.08%
NETFLIX, INC. 0.17% 481.29 Delayed Quote.49.24%
RENAULT 0.15% 34.455 Real-time Quote.-18.49%
STARBUCKS CORPORATION -0.04% 98.49 Delayed Quote.10.19%
WALMART INC. 0.33% 151.6136 Delayed Quote.27.36%
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