News Highlights: Top Company News of the Day

Clorox 1Q Profit More Than Doubles 
 

Clorox reported a 27% gain in sales for the latest quarter, more than doubling its profit, as consumers continued buying cleaning goods and personal-care items during the Covid-19 pandemic.

 
Rental-Car Companies Revive as More Americans Hit the Road 
 

Rental-car companies, crushed by a collapse in bookings at the onset of the Covid-19 pandemic, are now getting a lift from rising used-car prices and more people looking to travel by car.

 
The Apple-Google Deal Is an Elephant in Both Rooms 
 

The companies avoid discussing a search arrangement that is now in regulators' crosshairs.

 
Stonepeak Infrastructure to Buy Cable Provider Astound Broadband 
 

Stonepeak Infrastructure Partners said it is buying Astound Broadband, the sixth largest U.S. cable-TV provider, for $3.6 billion, in one of the biggest leveraged buyouts this year.

 
Political Groups Elude Facebook's Election Controls, Repost False Ads 
 

Political groups are getting around Facebook's system for blocking false political advertising by reposting ads found to violate its policies, exposing a loophole in the company's efforts to contend with misinformation.

 
Dish Offers Its Services to Military's Proposed 5G Network Project 
 

Most telecom companies call a military-civilian system unworkable, but Charlie Ergen's satellite-TV company says it could help.

 
Music Investors Don't Stop Believin' in Streaming 
 

A rebound in streaming is boosting the value of song catalogs and driving investor interest.

 
Tech Startups Say New Pay Rules for H-1B Visas Are Unaffordable 
 

New rules from the Trump administration restricting skilled foreign workers are unnerving U.S. startup hubs, as founders and investors say the limitations will hamstring their ability to recruit top-tier talent.

 
Chinese Airlines Suffer Loss Due to Covid-19 
 

China Southern Airlines, China Eastern Airlines and Air China each posted a loss for the first nine month of the year as the Covid-19 pandemic continued to weigh on demand for travel.

 
Westpac's Annual Profit Drops 66% 
 

Westpac Banking Corp. reported a 66% slide in annual net profit, as it absorbed hefty one-off charges that included provisions tied to breaches of money-laundering and terrorism-financing laws.

(END) Dow Jones Newswires

11-02-20 0715ET