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News Highlights: Top Company News of the Day

10/29/2020 | 08:16pm EST
Big Tech Companies Reap Gains as Covid-19 Fuels Shift in Demand 

Amazon and Google report strong quarterly sales and profits in the midst of a debate over their market power.

Hertz Plans $4 Billion Borrowing to Spruce Up Vehicle Fleet 

The rental-car company soon plans to line up a $4 billion financing package to refresh its vehicle fleet, on top of a $1.65 billion loan to carry itself through bankruptcy.

Starbucks Says Customers Are Coming Back to Cafes 

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

Moderna Signs Covid-19 Vaccine Supply Contract With Japan 

Moderna Inc. signed a contract with Japan's government to supply 50 million doses of its Covid-19 vaccine and said it is in advanced talks with the European Union to expand vaccine supply there.

VW Bounces Back but Warns About Infections in Europe and U.S. 

Volkswagen, the world's biggest car maker by sales, became the latest to report a higher-than-expected profit while warning that rising coronavirus cases and fresh lockdowns were threatening the rebound.

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 and U.S. Transportation Officials Spar With CDC Over 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.

(END) Dow Jones Newswires

10-29-20 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.14% 1763.27 Delayed Quote.33.42%
ALTRIA GROUP, INC. -0.89% 40.11 Delayed Quote.-19.11%
AMMO, INC. 3.09% 2.67 Delayed Quote.161.62%
MODERNA, INC. 15.89% 148.4748 Delayed Quote.549.44%
NETFLIX, INC. -0.41% 487.35 Delayed Quote.51.86%
STARBUCKS CORPORATION -1.16% 97.395 Delayed Quote.12.22%
VOLKSWAGEN AG -1.89% 143 Delayed Quote.-17.20%
WALMART INC. -0.29% 150.87 Delayed Quote.27.57%
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