Nasdaq to Buy Anti-Financial Crime Firm Verafin for $2.75 Billion

The Verafin acquisition would be New York-based Nasdaq's largest deal in more than a decade and its latest effort to diversify away from its core exchange business into technology. 


 
United Reports Slower Bookings as Covid-19 Cases Surge

Bookings have slowed and cancellations have risen over the past week, United Airlines said, a trend that could lead it to further cull capacity. 


 
Macy's Reports Loss, but Results Improve From Earlier Quarters

Net sales fell more than 20% in the third quarter, while the company reported its third quarterly loss in a row, as the Covid-19 pandemic continues to ding retailers' financial results. 


 
Oxford, AstraZeneca Vaccine's Strong Response in Elderly Confirmed in Review

A Covid-19 vaccine being developed by the University of Oxford and AstraZeneca showed promising immune responses in elderly and older adults, with fewer serious side effects than in younger volunteers, according to a just-published interim analysis previewed in late October. 


 
AI Fraud-Detection Company Forter Raises $125 Million

Forter, which helps e-commerce merchants combat fraud, said the fundraising round gave it a post-money valuation of $1.3 billion. 


 
Big Chinese Broker Faces Probe After State-Owned Coal Miner's Default

One of China's largest securities firms is under investigation for suspected market manipulation and its role in the recent debt-related woes of a state-owned coal miner, following a tumultuous week in Chinese credit markets. 


 
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. 


 
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. 


 
Retail Entrepreneurs Buy Twice-Bankrupt RadioShack With Plans for Online Revival

Two entrepreneurs who have been collecting fallen retail brands during the coronavirus pandemic are taking over the reins of RadioShack, acquiring the nearly century-old gadget seller's brands and online business. 


 
Nvidia Benefits From Sustained Remote Work, Videogaming Demand

Graphics-chip maker's results were propelled by a pandemic-era boom in home computing and videogaming and the increasing use of its chips in big data centers.

(END) Dow Jones Newswires

11-19-20 1115ET