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News Highlights: Top Company News of the Day

11/13/2020 | 11:16am EST
Wells Fargo Ex-CEO Settles SEC Claims, Former Consumer-Unit Head Faces Fraud Case 

John Stumpf agreed to pay $2.5 million to settle civil claims over his role in the bank's fake accounts scandal, while regulators sued another former bank head over fraud allegations.

How P&G Cleaned House Before Covid-19 

A consumer products giant known for its meticulous market research and complex management structure decided to become faster and slimmer. The result? A blue-bottled disinfectant spray that became a hit for Procter & Gamble during the pandemic-and helped it steer a path through the crisis.

DoorDash IPO Filing Shows a Profitable Quarter 

The food-delivery service unveiled its IPO paperwork, showing it turned a surprising quarterly profit during the pandemic before falling back to a loss in the September quarter.

Tiny GM Car Zips Past Tesla To Lead China's Electric Vehicle Market 

A tiny electric vehicle from General Motors with a top speed of 62 miles an hour has zoomed past the Tesla Model 3 to become China's bestselling EV.

Some Grocers Bring Back Purchase Limits as Covid-19 Cases Rise 

Retailers say there is higher demand for some staples, but shoppers aren't stockpiling as much as they did in the spring.

Covid-19 Vaccine Makers Face Russian, North Korean Cyberattacks, Microsoft Says 

Cyberattacks originating in Russia and North Korea in recent months have targeted online accounts at seven companies researching Covid-19 drugs and vaccines, according to Microsoft-in some cases successfully.

U.K. Company Audits Need to Improve, Regulator Says 

Audits of financial statements of Britain's largest companies need to improve, the U.K. Financial Reporting Council said Thursday.

Elon Musk Says He Tested Both Positive and Negative for Covid-19 

Tesla Chief Executive Elon Musk, who has repeatedly played down the risk of the coronavirus since early in the pandemic, says he tested both positive and negative for Covid-19.

How Walmart, Kroger Plan to Become Advertising Giants 

Retail titans can capitalize on the pandemic-driven surge in e-commerce by revving up their online-advertising plans.

Tyson Aims to Cut Deforestation Risk in Supply Chain 

Tyson Foods is developing plans to reduce the risk of deforestation in its global supply chain, but an investment group suggests the meatpacking company's efforts aren't enough.

(END) Dow Jones Newswires

11-13-20 1115ET

Stocks mentioned in the article
ChangeLast1st jan.
GENERAL MOTORS COMPANY -3.63% 53.39 Delayed Quote.33.05%
KROGER 3.01% 34.57 Delayed Quote.5.67%
MICROSOFT CORPORATION 1.58% 229.53 Delayed Quote.3.20%
TESLA, INC. 4.03% 880.8 Delayed Quote.24.82%
TYSON FOODS, INC. 0.12% 66.6 Delayed Quote.3.23%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -0.26% 75.2912 Delayed Quote.1.88%
WALMART INC. -0.09% 146.2 Delayed Quote.1.51%
WELLS FARGO & COMPANY 1.07% 32.24 Delayed Quote.5.70%
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