Facebook, Twitter Grapple With Trump's False Election Claims

President Trump's premature declarations of victory and claims that there is a plot to steal votes are presenting an acute test for social-media platforms that have pledged to prevent election-related abuses. 


 
Allstate, MetLife Report Mixed Results as Pandemic Continues

Allstate's net income rose 27% to $1.13 billion, while MetLife's net income declined 71% to $633 million. 


 
Qualcomm Sees 5G Smartphone Sales Taking Off

Mobile-phone chip-making giant Qualcomm reported strong quarterly earnings, boosted by Apple's new iPhone 12 and other smartphones capable of connecting to superfast 5G networks. 


 
Startup CEOs Worry About Toll of Election Uncertainty

As the U.S. awaits full election results, startup leaders from various industries say they don't expect the federal government to address their legislative priorities soon. 


 
NAB's Full-Year Profit Falls

National Australia Bank Ltd. reported a 47% drop in annual net profit as Australia's third-largest lender was hit by the impact of the coronavirus and again made provisions for customer remediation. 


 
TikTok Shutdown Argued Before Federal Judge

A judge didn't rule immediately on the Chinese-owned video app's request for a preliminary injunction to stave off a U.S. shutdown that the Trump administration ordered to take effect later this month. 


 
Elon Musk, Once a Washington Outsider, Courts Military Business

Elon Musk's SpaceX was dismissed by Pentagon brass during its early years. But now, the billionaire entrepreneur and his company are enjoying more success than ever in snaring Pentagon business. 


 
Supermarkets Get New Looks as E-Commerce Grabs Hold

Food retailers are responding to pandemic-driven changes in shopping behavior by accelerating a shift to online ordering that had been slow to develop. 


 
Pet-Supply Chain Pet Valu to Close All Its U.S. Stores

Pet-supply retailer Pet Valu, buckling under the pressure of restrictions related to the coronavirus pandemic, plans to close its nearly 360 stores and warehouses in the U.S. 


 
T-Mobile to Pay $200 Million Fine Over Federal Lifeline Program

The FCC charged the penalty for discrepancies at Sprint's Assurance Wireless, a Lifeline service provider T-Mobile acquired in April.

(END) Dow Jones Newswires

11-04-20 2115ET