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News Highlights: Top Company News of the Day

10/14/2020 | 05:15pm EST
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.

 
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.

 
Vista Equity's Smith Reaches Settlement With DOJ 
 

He is set to pay $140 million to settle a yearslong tax investigation, according to people familiar with matter.

 
Amazon Expands NFL Coverage With Playoff Game 
 

The online retail and entertainment giant has struck a deal with the National Football League to stream a playoff game this season, people familiar with the matter said.

 
Wells Fargo Earnings Drop 56% 
 

The lender said third-quarter profit dropped from a year earlier to $2.04 billion. Still, the results were an improvement from the second quarter, when the bank set aside billions for bad loans and reported a loss.

 
Goldman Sachs Profit Nearly Doubles 
 

The bank's sharply higher profit is the latest confirmation that, even in a pandemic and a recession, Wall Street can still make money.

 
Bank of America Profit Falls 16% 
 

The lender's profit dropped in the third quarter, though the bank indicated that it is well prepared to weather the coronavirus recession.

 
UnitedHealth Profit Declines, Reflecting Return to More Usual Health-Care Levels 
 

In the spring and early summer, UnitedHealth's insurance unit benefited financially from cost savings as it paid for fewer doctor visits, surgeries and hospital stays this spring and early in the summer.

 
Apple Counts on 5G to Boost iPhone Fortunes in China 
 

Apple is launching its 5G-enabled smartphones as China's economy is rebounding faster than the rest of the world but also at a time of increasing tech nationalism amid heightened trade tensions with the U.S.

 
Bribery Probe Into a Nuclear Plant Bailout Examines Facilities' Owner 
 

A criminal investigation into an alleged bribe to secure a bailout of troubled nuclear plants in Ohio is looking at the energy company that prosecutors say supplied some of the money and now owns the facilities.

(END) Dow Jones Newswires

10-14-20 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. -0.11% 122.94 Delayed Quote.67.66%
BANK OF AMERICA CORPORATION 0.10% 28.91 Delayed Quote.-17.49%
EURO / BRAZILIAN REAL (EUR/BRL) -0.03% 6.2353 Delayed Quote.40.26%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.21% 139.5 End-of-day quote.-2.43%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.18% 109.4 End-of-day quote.-11.23%
THE GOLDMAN SACHS GROUP, INC. -0.92% 235.47 Delayed Quote.3.36%
UNITED CONTINENTAL HOLDINGS, INC. 6.81% 49.91 Delayed Quote.-43.34%
UNITEDHEALTH GROUP 0.32% 348.68 Delayed Quote.18.23%
WELLS FARGO & COMPANY 1.00% 29.16 Delayed Quote.-45.80%
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