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News Highlights: Top Company News of the Day

11/13/2020 | 09:16am EST
Some Grocers Bring Back Purchase Limits as Covid-19 Cases Rise 

Retailers say there is higher demand for some staples, but shoppers aren't stockpiling as much as they did in the spring.

U.K. Company Audits Need to Improve, Regulator Says 

Audits of financial statements of Britain's largest companies need to improve, the U.K. Financial Reporting Council said Thursday.

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.

How Walmart, Kroger Plan to Become Advertising Giants 

Retail titans can capitalize on the pandemic-driven surge in e-commerce by revving up their online-advertising plans.

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.

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.

U.S. Backs Down on TikTok Following Court Ruling 

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.

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.

(END) Dow Jones Newswires

11-13-20 0915ET

Stocks mentioned in the article
ChangeLast1st jan.
AUTODESK, INC. 0.08% 312.24 Delayed Quote.2.94%
CISCO SYSTEMS, INC. -0.24% 45.081 Delayed Quote.1.36%
KROGER 2.99% 34.015 Delayed Quote.4.35%
PALANTIR TECHNOLOGIES INC. 9.31% 27.21 Delayed Quote.5.82%
TESLA, INC. -0.13% 844.57 Delayed Quote.19.74%
TYSON FOODS, INC. -1.16% 63.99 Delayed Quote.0.50%
WALMART INC. -1.78% 144.39 Delayed Quote.1.96%
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