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News Highlights: Top Company News of the Day

10/14/2020 | 11:16pm 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.

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.

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.

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.

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.

BTS Frenzy Drives Hit K-Pop IPO 

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

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.

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.

Twitter Data-Breach Case Won't Be Resolved Before Year's End, Ireland's Regulator Says 

European privacy regulators are unlikely to issue a final ruling on Twitter's handling of a 2019 data breach before the end of the year, Ireland's data commissioner said.

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.

(END) Dow Jones Newswires

10-14-20 2315ET

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.03% 6.2921 Delayed Quote.41.18%
FASTLY, INC. -3.62% 81.7 Delayed Quote.307.08%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.21% 141.95 End-of-day quote.-3.78%
IMI PLC -0.36% 1105 Delayed Quote.-6.02%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.02% 110.65 End-of-day quote.-11.29%
MALLINCKRODT PLC -1.41% 0.1257 Delayed Quote.-96.40%
UNITED CONTINENTAL HOLDINGS, INC. 0.60% 45.32 Delayed Quote.-48.55%
UNITEDHEALTH GROUP 1.44% 341.19 Delayed Quote.14.41%
WELLS FARGO & COMPANY 2.60% 28.06 Delayed Quote.-47.84%
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