Boeing 737 MAX Cleared to Fly Again, but Covid Has Sapped Demand
The FAA's order ungrounding the aircraft following two fatal crashes removes one major obstacle as the pandemic creates fresh problems for the aerospace giant.
Pfizer Says Vaccine Is 95% Effective in Final Data, Will Seek Authorization
Pfizer plans to seek authorization for the vaccine within days, leaving the shot on track to go into distribution by the end of the year if health regulators permit.
Target Maintains Its Torrid Pace
Target said sales rose steadily in its most recent quarter, as demand for household goods and home office supplies continued to grow during the pandemic, while shopping shifted online.
Lowe's 3Q Sales Rise, Profit Shrinks
The Mooresville, N.C.-based home-improvement retailer said its sales for the recent quarter grew, continuing gains and yielding more online orders during the Covid-19 pandemic, though profit fell because of higher expenses.
Local Shoppers Are Luxury Brands' Hedge Against Covid-19
With few tourists in cities such as Paris and New York this year, luxury brands have had to lean on local shoppers. Their appetite for expensive handbags and watches has been surprisingly strong-a comfort for investors as Covid-19 cases in the West continue to climb.
Apple Slashes App Store Fees for Smaller Developers
Apple is cutting to 15% from 30% the commission it charges smaller developers that sell software through its App Store-a partial concession in its battle with critics over how it wields power in its digital ecosystem.
Canadian-Danish Group Strikes $9.6 Billion Deal for U.K. Insurer RSA
The consortium agreed to buy RSA Insurance Group for GBP7.2 billion, equivalent to $9.6 billion, in a deal that would rank it among the biggest acquisitions of a British company so far this year.
Round Hill Pulls In $291 Million for its Third Music Royalty Fund
The New York-based firm closed its third and largest fund to date, Round Hill Music Royalty Fund III LP, slightly below a $300 million target initially set for the vehicle, according to Josh Gruss, Round Hill's chief executive.
JD.com Boss Gets Big Options Awards Ahead of Unit Listing
The Chinese e-commerce group gave billionaire boss Richard Liu options to buy 2% stakes in its health and logistics units, an award that could enable him to accumulate holdings worth more than $1 billion.
The Man at the Center of Wirecard's Deal Machine
Henry O'Sullivan, an outside adviser, was paid on 10 Wirecard deals, some of which are the focus of investigators trying to unravel the company's collapse
(END) Dow Jones Newswires
11-18-20 0915ET
