T-Mobile Picks Up Pace of Its Cost-Cutting Program
The wireless carrier ended the Sept. 30 quarter with 689,000 more postpaid phone subscribers, adding to its share of a valuable market for customers billed for monthly service after it is provided.
AIG's Net Income Fell in Third Quarter
The insurance conglomerate posted a decline in third-quarter net income tied partly to a divested business, but its operating profit increased despite higher storm costs as well as losses related to the pandemic.
Uber Posts Third-Quarter Loss as Pandemic Continues to Hurt Rides
Food delivery continues to be a bright spot for the ride-hailing operator, but it hasn't offset an overall revenue decline.
Apollo Chosen to Lead $4 Billion Loan for Hertz Fleet Revival
Apollo Global Management Inc. is leading a $4 billion wager on Americans' rising propensity to travel by car, agreeing to finance a planned refurbishing of Hertz Global Holdings Inc.'s aging vehicle fleet as the U.S. rental-car business rebounds.
Facebook Takes Down Group Organizing Protests of Vote Counting
The tech giant decided to pull a fast-growing "Stop the Steal" group that was attracting 25,000 people an hour, saying it sought to delegitimize the election process and in some instances called for violence.
Qualcomm Is Finally Cleaning Up
The new 5G iPhones are a clear boon for Qualcomm. And luckily for the chip maker, it now has more to its story.
U.K.'s SFO Investigating Plane Maker Bombardier Over Possible Bribery
The Serious Fraud Office is investigating the plane maker over what the agency described as suspected bribery and corruption related to deals with Indonesia's flag carrier.
Justice Department Files Antitrust Lawsuit Challenging Visa's Planned Acquisition of Plaid
The DOJ says the acquisition would allow Visa to unlawfully maintain a monopoly in the online debit market.
GM Rebounds From Coronavirus-Related Losses
The auto maker's efforts to crank up production of pickups and other lucrative models drove a $4 billion profit in the third quarter, the latest auto maker to rebound from earlier Covid-19-related losses.
ESPN Cuts Jobs as Parent Disney Contends With Covid-19 Pandemic
Walt Disney's ESPN is reducing its workforce by about 10% through a combination of layoffs and attrition of employees, including remote workers, according to a person familiar with the matter.
(END) Dow Jones Newswires
11-05-20 1715ET
