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News Highlights: Top Company News of the Day

10/15/2020 | 05:16am EST
Publicis Revenue Beats Expectations, but Ad Giant Warns of Challenges 

Organic revenue fell 5.6% in the third quarter, less than the 13% drop in the second quarter. Covid-19 could make the fourth quarter very difficult, CEO Arthur Sadoun says.

Facebook, Twitter Limit Sharing of New York Post Articles That Biden Disputes 

Twitter on Wednesday blocked users from posting links to the articles, and Facebook has slowed the spread of the articles pending guidance from its fact-checking partners.

Fiat Chrysler, Union Avert Canada Strike With Tentative Deal 

Fiat Chrysler and the union representing about 9,000 workers at its three Canadian factories reached a tentative agreement, averting a strike that threatened to ripple across the auto maker's North American operations.

BTS Frenzy Drives Hit K-Pop IPO 

Shares in Big Hit Entertainment, the management company behind the South Korean pop sensation, roughly doubled from their initial public offering price by early afternoon in Seoul.

TikTok Supplier Fastly Cuts Expectations, Cites Weakness at Video App 

Fastly Inc. lost more than a quarter of its value late Wednesday after the internet content deliverer lowered its revenue guidance because of reduced use from its largest customer.

United Airlines Hunkers Down for Long Air-Travel Drought 

Cash has become key for airlines trying to make it through the most severe challenge in memory, with demand for travel languishing and little revenue coming in.

Vista Equity's Robert Smith Reaches Settlement With DOJ 

The billionaire is set to pay $140 million and admit liability for additional taxes owed and not properly filing foreign bank account reports but won't be prosecuted.

Wells Fargo Fires Employees Who Applied for SBA Pandemic Loans 

Wells Fargo & Co. fired more than 100 employees for allegedly defrauding a federal pandemic-relief program.

Meat Giant JBS's Owner Settles U.S. Corruption Charges 

J&F, which controls the world's largest meatpacker, agreed to pay $128 million to settle a long-running legal dispute in the U.S. over bribes it paid in Brazil.

Mallinckrodt Faces Early Skeptics on Bankruptcy Strategy 

Mallinckrodt PLC said Wednesday it aims to broaden support for a proposed bankruptcy restructuring and $1.6 billion settlement of opioid-related litigation, while representatives for some counties, tribes and lenders said they have problems with how the drugmaker wants to reorganize.

(END) Dow Jones Newswires

10-15-20 0515ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) -1.91% 6.5121 Delayed Quote.4.86%
FACEBOOK INC 1.45% 282.05 Delayed Quote.1.78%
FASTLY, INC. 1.69% 106.99 Delayed Quote.20.42%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.04% 135.6 End-of-day quote.-1.22%
FIAT CHRYSLER AUTOMOBILES N.V. 1.96% 12.872 Delayed Quote.-13.89%
IMI PLC -0.56% 1241 Delayed Quote.7.12%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.45% 117.05 End-of-day quote.3.34%
MALLINCKRODT PLC 1.70% 0.233 Delayed Quote.-8.73%
PUBLICIS GROUPE SA 0.55% 41.98 Real-time Quote.2.43%
RIPPLE (XRP/BTC) 0.00% 8.0E-6 Real-time Quote.0.00%
RIPPLE (XRP/EUR) -0.21% 0.22016 Real-time Quote.23.31%
UNITED CONTINENTAL HOLDINGS, INC. 2.15% 41.25 Delayed Quote.-6.64%
WELLS FARGO & COMPANY -2.67% 31.38 Delayed Quote.6.83%
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