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. 


 
Wendy's Logs 3Q Rev Growth as Breakfast Items Boost Sales

Wendy's posted stronger revenue and a slightly smaller profit in the latest quarter as the company's new breakfast offerings boosted sales. 


 
Suspended Ant IPO Shows Growing Regulatory Focus on Fintech Giant

The sudden halt to Ant Group's initial public offering left investors hanging, employees shell-shocked, and shareholders trying to come to grips with why China pulled the plug on the record-breaking deal so close to the finish line. 


 
Scotts Miracle-Gro's 4Q Net Sales Rise 79%

Scotts Miracle-Gro's fourth-quarter net sales rose more than Wall Street expected but adjusted earnings were less than analysts had forecast. 


 
BMW Sales Boosted by China's Strong Covid-19 Recovery

BMW, the German luxury car maker, reported strong growth in profits and new vehicle sales in the third quarter, as China's robust recovery from the pandemic continues to bolster premium auto brands. 


 
Major Sydney Casino Opening Overshadowed by Investigations

Inquiries into Crown Resorts' ties with VIP gamblers and allegations of corporate wrongdoing add to woes created by the pandemic. 


 
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. 


 
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.

(END) Dow Jones Newswires

11-04-20 0915ET