News Highlights: Top Company News of the Day
October 21 2020 - 6:15PM
Dow Jones News
Chipotle Books Record Sales From Online Orders
Chipotle Mexican Grill reported its largest-ever quarterly sales
as online orders helped offset lost restaurant traffic during the
coronavirus pandemic, though the shift created costs that are
weighing on profit.
Quibi Is Shutting Down Barely Six Months After Going Live
Founder Jeffrey Katzenberg and Chief Executive Meg Whitman
decided to shut down the company in an effort to return as much
capital to investors as possible instead of trying to prolong the
life of the company and risk losing more money.
Whirlpool Strains to Meet Appliance Demand
Whirlpool said supply-chain disruptions are preventing it from
making all the kitchen mixers, refrigerators and washing machines
Americans are ordering as they wait out the coronavirus pandemic at
home.
Tesla Extended Profit Streak With Record Quarterly Sales
The electric-car maker revived a pre-pandemic target to build at
least 500,000 vehicles this year.
Former Google CEO Fires Back at Antitrust Suit
Eric Schmidt says the government's lawsuit against the search
giant was misguided: "There's a difference between dominance and
excellence."
Ann Taylor Parent Gets Higher Bid for Tween Brand Justice
Ascena Retail Group Inc., the parent company of apparel
retailers Ann Taylor and Lane Bryant, received a new, higher
stalking horse offer to buy the intellectual property, e-commerce
business and other assets of its tween-oriented chain Justice out
of bankruptcy.
Boeing Discussing New Plane as It Starts to Emerge From MAX Crisis
Early talks with customers are gauging interest in a
single-aisle aircraft with improved engines that could carry
between 200 and 250 passengers.
Ant Group's Giant IPOs Set to Launch After Regulators Clear the Way
The Chinese financial technology giant said investors in
mainland China have committed to purchasing more than a third of
the shares it plans to sell in a pair of blockbuster initial public
offerings.
Judge in Google Lawsuit Presided Over Major Antitrust Case
The Justice Department's lawsuit against Google has been
assigned to U.S. District Judge Amit Mehta, an Obama appointee who
presided over a major antitrust case in the food-distribution
sector.
Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes
The settlement, which includes guilty pleas, helps clear the way
for the bankrupt OxyContin maker to pay cities and states that
accuse it of fueling the opioid crisis.
(END) Dow Jones Newswires
October 21, 2020 19:00 ET (23:00 GMT)
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