PC Sales Help HP, Dell Offset Weak Office Spending
Remote working fueled strong demand for Dell and HP personal computers in the latest quarter, cushioning the impact from lower office-equipment spending.
Gap Reports Flat Quarterly Sales as Holiday Shopping Gets Under Way
Gap's quarterly sales rebounded from spring shutdowns but increased marketing weighed on profits. Executives cautioned that rising Covid-19 infections could slow visits to stores during the holiday season.
JPMorgan Chase Unit to Pay $250 Million Penalty Over Poor Internal Controls
A top banking regulator fined a JPMorgan Chase unit $250 million over deficiencies in internal controls and internal audit practices.
J.Crew Changes CEOs for Third Time in Three Years
The apparel seller replaced its chief executive after less than a year in the role and just a few months after it emerged from bankruptcy protection with new hedge-fund owners.
Glitches Hit Trading Platforms Run By Bank of America, TD Ameritrade, Vanguard
The popular platforms suffered glitches that rendered them inaccessible or slow to use, frustrating investors on a landmark day for the U.S. stock market.
More Than 940,000 Crock-Pots Recalled on Burn-Injury Reports
Multicooker maker Sunbeam Products received 119 reports of lid detachment that led to 99 burn injuries, ranging from first- to third-degree burns in the U.S., according to the U.S. Consumer Product Safety Commission.
Purdue Pharma Pleads Guilty to Felonies Over OxyContin Sales
The guilty plea follows the approval last week by a U.S. bankruptcy court judge of an $8.34 billion settlement between Purdue Pharma and the Justice Department.
Credit Suisse Takes $450 Million Hit on Stake in U.S. Hedge-Fund Firm
Credit Suisse is taking a near half-billion-dollar charge on a stake in a hedge-fund business it bought during Wall Street's frenzy for alternative investments a decade ago.
French Hotel Giant Targets U.S. With New Lifestyle Operator
European hotel company Accor is set to merge its boutique properties with a U.K. company to create what it says will be the world's largest operator of lifestyle hotels, betting on the segment as it seeks growth in North America.
GE Plans More Job Cuts in Aviation Division
General Electric warned employees that more job cuts are coming to the conglomerate's jet-engine business because of the pandemic's impact on commercial air travel even with the promise of a vaccine on the horizon.
(END) Dow Jones Newswires