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News Highlights: Top Company News of the Day

10/20/2020 | 03:16pm EST
Intel Sees Opportunity in U.S.-China Tensions' Impact on Supply Chains 

While China is a big market for the company, CEO Bob Swan said he also aims to expand its role in 5G infrastructure as the U.S. and other countries have limited Huawei's involvement in their next-generation wireless networks.

Travelers Is Ready for Post-Pandemic Journey 

Strong insurance pricing is helping Travelers and other insurers overcome the pressure of superlow interest rates, but Covid-19 still looms as a major uncertainty.

Uber Weighs California Overhaul if Ballot Measure on Workers Fails 

CEO Dara Khosrowshahi said only that the ride-hailing operator is "looking at all our options" if voters in the state defeat an effort by Uber and other companies to secure exemption from a law classifying drivers as employees.

IBM Hopes to Double Sales at Red Hat in Next Three Years 

Red Hat has been enjoying annualized growth of above 15% in recent quarters, IBM CEO Arvind Krishna said at the WSJ Tech Live conference.

Clearview Moves to Prevent Possible Police Abuse 

The controversial startup that provides facial-recognition technology to law enforcement is rolling out new compliance features to prevent abuse of the technology, Chief Executive Hoan Ton-That said Tuesday.

DOJ Files Google Antitrust Lawsuit 

The lawsuit accuses the search giant of anticompetitive conduct and marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades.

Google Is the Only Big Tech Priced for Trouble 

The search giant has turned out to be first in the federal government's antitrust firing line. Its big tech peers may pay a bigger price for waiting their turn.

Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges 

Goldman Sachs Group will pay the U.S. government about $2.8 billion and admit wrongdoing in a Malaysian bribery scandal, settling charges stemming from its work with a corrupt government investment fund.

Intel's Deal With SK Hynix Shows Limited Space Left for Chip Makers 

Intel's $9 billion deal to sell most of its memory-chip business to the South Korean company accelerates the industry consolidation around a ubiquitous technology component.

P&G and Reckitt Clean Up on Pandemic-Driven Hygiene 

Procter & Gamble reported its biggest global sales increase in 15 years as the world's consumers spent more to keep their homes and themselves clean during the coronavirus pandemic. Reckitt reported its sharpest quarterly sales growth on record, driven by its hygiene unit.

(END) Dow Jones Newswires

10-20-20 1515ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.01% 1764.13 Delayed Quote.31.71%
INTEL CORPORATION 0.09% 47.05 Delayed Quote.-21.39%
RECKITT BENCKISER GROUP PLC -1.51% 6500 Delayed Quote.7.72%
SK HYNIX, INC. 2.26% 99400 End-of-day quote.5.63%
THE GOLDMAN SACHS GROUP, INC. -0.40% 236.54 Delayed Quote.2.87%
UBER TECHNOLOGIES, INC. -0.90% 50.8 Delayed Quote.70.81%
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