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News Highlights: Top Company News of the Day

11/13/2020 | 03:16am EST
Cisco Taps Autodesk Executive as CFO 

Cisco named an industry veteran as its new finance chief, beefing up the network-equipment firm's efforts to enhance its subscriptions and software business.

LinkedIn Finds Measurement Errors That Inflated Video and Ad Metrics 

The errors affected more than 418,000 advertisers on the professional networking platform for over two years. The company said 90% of those affected overpaid by less than $25 and would receive credits for future campaigns.

Palantir Boosts Its Full-Year Revenue Outlook 

Data analysis company Palantir Technologies raised its annual revenue outlook after it posted better-than-expected sales in the third quarter on increasing demand for its software.

Tyson Aims to Cut Deforestation Risk in Supply Chain 

Tyson Foods is developing plans to reduce the risk of deforestation in its global supply chain, but an investment group suggests the meatpacking company's efforts aren't enough.

Elon Musk Says He Tested Both Positive and Negative for Covid-19 

Tesla Chief Executive Elon Musk, who has repeatedly played down the risk of the coronavirus since early in the pandemic, says he tested both positive and negative for Covid-19.

U.S. Backs Down on TikTok 

The Commerce Department's action delays implementation of a regulation, set to take effect Thursday, that would effectively make the video-sharing app inoperable in the U.S.

Trump Bars Americans From Investing in Firms That Help China's Military 

The ban applies to 31 companies including state-run aerospace, shipbuilding and construction enterprises.

China's President Xi Jinping Personally Scuttled Jack Ma's Ant IPO 

Senior government leaders were furious about the wealthy entrepreneur's criticisms of regulators in an Oct. 24 speech. The rebuke was the culmination of years of tense relations between China's most celebrated entrepreneur and a government uneasy about his influence.

At Disney, Streaming Soars as Other Businesses Struggle 

Disney posted its second consecutive quarterly loss, as the effects of the pandemic ravaged core businesses like theme parks and movie distribution that aren't expected to return to normal in the foreseeable future.

Tencent Pledges Cooperation Amid Chinese Scrutiny 

Tencent, the world's biggest videogame company by revenue, said its profit in the September quarter soared 89% to 38.54 billion yuan, equivalent to $5.81 billion, from the same period last year.

(END) Dow Jones Newswires

11-13-20 0315ET

Stocks mentioned in the article
ChangeLast1st jan.
AUTODESK, INC. -2.13% 299.89 Delayed Quote.1.06%
CISCO SYSTEMS, INC. -1.26% 44.56 Delayed Quote.1.32%
PALANTIR TECHNOLOGIES INC. 7.12% 27.93 Delayed Quote.10.32%
TENCENT HOLDINGS LIMITED 1.25% 691 End-of-day quote.22.52%
TESLA, INC. -1.19% 834.3534 Delayed Quote.19.74%
TYSON FOODS, INC. 0.61% 66.29 Delayed Quote.2.27%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.39% 6.4885 Delayed Quote.-0.54%
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