California Voters Pass Prop 22, Exempting Uber, Lyft From Reclassifying Drivers

The companies won a pivotal vote that lets them sidestep a California labor law following the costliest ballot-measure campaign in state history. 


 
Prudential Posts Profit Increase of Almost 5%

Prudential, one of the largest U.S. insurers, kicked off insurance earnings this week. The company is often seen as the bellwether for the quarter's insurance-industry performance. 


 
Ant Founder Jack Ma Faces Backlash From Regulators

The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and China's top regulators. 


 
French Power Company Drops U.S. LNG Deal

Engie's decision to halt negotiations with LNG exporter NextDecade follows reports of pressure from the French government over methane concerns. 


 
Coca-Cola Amatil Advances Takeover Bid from European Bottler

Australian bottler Coca-Cola Amatil said it entered into a formal agreement for European bottler Coca-Cola European Partners to acquire most shares in the company, and that shareholders will vote on the plan in early 2021. 


 
Canada Targets Streaming Services With Cultural Levy

Canada proposed to compel online-streaming services to set aside part of their revenue to fund its domestic TV and music production. 


 
JPMorgan Faces Possible Fine Related to Internal Controls

The bank said the potential fine was related to issues with "internal controls and internal audit over certain advisory and other activities." 


 
Comcast, Walmart in Talks to Develop, Distribute Smart TVs

Under the terms the companies are discussing, retail giant Walmart would promote TV sets running Comcast software and would get a share of recurring revenue from Comcast in return. 


 
Cruise Industry Hinges on Vote

Long-awaited good news could turn sour for the cruise industry, pending U.S. presidential election results. 


 
Kim Dotcom Suffers Setback in Bid to Avoid Extradition to U.S.

Internet entrepreneur Kim Dotcom has suffered a setback in his bid to avoid extradition to the U.S. for alleged criminal copyright infringement, after New Zealand's top court upheld earlier rulings in favor of the U.S. government.

(END) Dow Jones Newswires

11-04-20 0515ET