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News Highlights: Top Company News of the Day

11/17/2020 | 11:16am EST
Amazon Launches Online Pharmacy 
 

Amazon.com said Tuesday customers can buy prescription medications through a new store on its platform, a move that comes as more people grow increasingly accustomed to shopping online.

 
Twitter Launches New 'Fleets' Feature for Posts That Disappear in 24 Hours 
 

Twitter is launching a new feature that will allow users to post text, audio and video that disappears after 24 hours, one of a number of steps the company is taking to increase engagement.

 
Walmart's Sales Gains Slow as Pandemic Drags On 
 

The retailer's comparable sales rose at a slower pace than earlier in the coronavirus pandemic even as shoppers continued to buy up food and cleaning supplies and the company pushed early holiday deals.

 
Facebook, Twitter CEOs Brace for Another Senate Grilling 
 

CEOs of two big social-media platforms hope to show senators Tuesday that their companies performed better in the 2020 elections compared with 2016, but they are likely to face hostile questions anyway.

 
Home Depot Plans Workforce Investment as Pandemic Brings Another Strong Quarter 
 

Home Depot reported strong sales growth as the retailer continues to thrive from people spending more time on home-improvement projects during the coronavirus pandemic.

 
Food-Service Distributor Sysco Names New CFO 
 

Aaron Alt joins from beauty retailer Sally Beauty Holdings.

 
Huawei Sells Off Honor Phone Business as U.S. Sanctions Bite 
 

A state-led consortium is taking over the budget brand as the Chinese telecom company blamed pressure on its consumer business from component shortages caused by U.S. curbs on its supply chain.

 
Major Chinese Chip Company Defaults on Debt 
 

Tsinghua Unigroup, a key player in China's push for self-reliance in semiconductors, has defaulted on a bond, adding to a recent spate of trouble in the country's corporate debt markets.

 
Hundreds of Firms That Got Stimulus Aid Have Failed 
 

Many of the companies say the funds from the Paycheck Protection Program weren't enough to keep them going as the coronavirus and lack of additional stimulus payments weighed on their businesses.

 
'Someone's Losing Their Job': Revlon Lenders Were Surprised at Citi's $900 Million Mistake 
 

When Citigroup accidentally used its own funds to repay nearly $900 million owed by Revlon, lenders were surprised at their unexpected payoff, according to internal chat and email messages.

(END) Dow Jones Newswires

11-17-20 1115ET

Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -5.20% 65.72 Delayed Quote.11.92%
FACEBOOK INC 2.00% 250.86 Delayed Quote.-10.07%
REVLON, INC. -2.96% 10.51 Delayed Quote.-8.92%
SALLY BEAUTY HOLDINGS, INC. -2.57% 13.28 Delayed Quote.4.60%
SYSCO CORPORATION -0.54% 75.13 Delayed Quote.1.68%
THE HOME DEPOT, INC. 0.71% 270.26 Delayed Quote.1.02%
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