Home Depot Posts 3Q Profit as Sales Rise 
 

Home Depot logged higher third-quarter profit on revenue gains powered by continued home-improvement demand during the Covid-19 pandemic.

 
Major Chinese Chip Company Defaults on Debt 
 

Tsinghua Unigroup, a key player in China's push for self-reliance in semiconductors, has defaulted on a bond, adding to a recent spate of trouble in the country's corporate debt markets.

 
Hundreds of Firms That Got Stimulus Aid Have Failed 
 

Many of the companies say the funds from the Paycheck Protection Program weren't enough to keep them going as the coronavirus and lack of additional stimulus payments weighed on their businesses.

 
EasyJet Posts Loss; Prepares for Tough Winter 
 

EasyJet reported its first annual loss since the company was founded 25 years ago, and said it is working to minimize losses during winter months as the coronavirus pandemic continues to hit travel demand.

 
Berkshire Invests in Drugmakers Seeking Covid-19 Vaccine 
 

Warren Buffett's firm is betting on some of the largest companies chasing a Covid-19 vaccine, including Merck, Bristol Myers Squibb, AbbVie and Pfizer.

 
Tesla to Be Added to S&P 500 Index 
 

Tesla will join the S&P 500 index on Dec. 21, S&P Dow Jones Indices said in a statement. The move marks a milestone for the electric-car maker, which has sought to overcome cash flow problems and defy skeptics from Wall Street and Detroit.

 
Airbnb Reveals Potential Noncompliance of U.S. Sanctions 
 

Airbnb said it made voluntary disclosures to the Treasury Department about its compliance efforts and certain user activity on its platform that may have been at odds with requirements under U.S. sanctions laws.

 
GameStop's New Billionaire Investor Pushes for Digital Sales, Fewer Stores 
 

Chewy co-founder Ryan Cohen, who holds a nearly 10% stake in GameStop through his investment firm RC Ventures LLC, is pushing the company to conduct a strategic review.

 
Cinemark, Universal Usher in Change to Movie-Theater Distribution 
 

The cinema chain agreed to show Universal films for just three weekends before they go to home video.

 
Taylor Swift's Early Music Catalog Changes Hands Again 
 

Talent manager Scooter Braun sold Taylor Swift's master recordings from her first six albums to a Los Angeles-based investment firm in a deal valued at more than $300 million, marking a new flashpoint in the tussle between the pop superstar and her former label.

(END) Dow Jones Newswires

11-17-20 0715ET