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News Highlights: Top Company News of the Day

11/18/2020 | 11:16pm EST
Coca-Cola Improperly Shifted Profits Abroad, Tax Court Rules 

The beverage giant placed too much of its profit in its foreign operations instead of its higher-taxed domestic parent company, a U.S. Tax Court judge ruled.

Apple Reaches $113 Million Settlement With States Over iPhone Battery Issues 

The battery problem has been the source of one of the most prominent legal challenges involving the iPhone since its 2007 debut.

FDA Clears First Covid-19 Test Performed Fully at Home 

The U.S. Food and Drug Administration authorized the first diagnostic coronavirus test that people can take by themselves and get results without the help of a lab, a step long awaited by public-health experts.

'Wonder Woman 1984' Swooping Into Homes and Theaters Christmas Day 

AT&T's Warner Bros. said it would debut its highly anticipated "Wonder Woman" sequel simultaneously in theaters and on the HBO Max streaming service on Christmas Day.

Owner of Bath & Body Works, Victoria's Secret Gets Pandemic Lift 

L Brands, which owns both chains, said it swung to a profit and its overall sales rose 14% in the quarter ended Oct. 31.

Maersk Line Expects Trade Rebound in 2021 

Danish shipping and logistics giant A.P. Moeller-Maersk expects that the global container market could expand by up to 5% in 2021 in a rebound from the pandemic-driven hit to trade in the first half of this year.

Norwegian Air Shuttle Files for Bankruptcy Protection 

The trans-Atlantic carrier pioneered the Europe-U.S. budget market, racking up debt-then the pandemic struck.

Ahold Delhaize Buys Majority of Delivery Company FreshDirect 

The owner of supermarkets including Giant and Stop & Shop said it would acquire a majority stake in grocery delivery company FreshDirect, expanding its U.S. presence as online ordering has boomed during the coronavirus pandemic.

Boeing 737 MAX Cleared to Fly Again, but Covid-19 Has Sapped Demand 

The FAA's order following two fatal crashes removes a major obstacle as the pandemic creates fresh problems for the aerospace giant.

Pfizer Says Covid-19 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.

(END) Dow Jones Newswires

11-18-20 2315ET

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S -1.53% 14845 Delayed Quote.9.19%
AHOLD DELHAIZE N.V. 1.51% 24.86 Real-time Quote.7.57%
APPLE INC. -1.37% 127.14 Delayed Quote.-2.85%
L BRANDS, INC. 0.49% 45.2 Delayed Quote.21.54%
NORWEGIAN AIR SHUTTLE ASA -14.79% 62.2 Real-time Quote.-28.46%
PFIZER INC. -0.14% 36.7 Delayed Quote.-0.30%
THE BOEING COMPANY -2.66% 204.32 Delayed Quote.-1.94%
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