Prudential Posts Profit Increase of Almost 5%

Prudential, one of the largest U.S. insurers, kicked off insurance earnings this week. The company is often seen as the bellwether for the quarter's insurance-industry performance. 


 
Ant Founder Jack Ma Faces Backlash From Regulators

The extraordinary move to suspend the $34 billion initial public offering of Ant Group, the online-finance operation carved out of Alibaba, caps a tug of war between billionaire Jack Ma and China's top regulators. 


 
Canada Targets Streaming Services With Cultural Levy

Canada proposed to compel online-streaming services to set aside part of their revenue to fund its domestic TV and music production. 


 
JPMorgan Faces Possible Fine Related to Internal Controls

The bank said the potential fine was related to issues with "internal controls and internal audit over certain advisory and other activities." 


 
Comcast, Walmart in Talks to Develop, Distribute Smart TVs

Under the terms the companies are discussing, retail giant Walmart would promote TV sets running Comcast software and would get a share of recurring revenue from Comcast in return. 


 
Cruise Industry's Fate Hinges on Which Way U.S. Election Blows

Long-awaited good news could turn sour for the cruise industry, pending U.S. presidential election results. 


 
Companies Ban Travel, Warn Employees of Civil Unrest

U.S. employers geared up for Election Day with a flurry of internal messages unlike those in previous elections, with some urging staffers to avoid work travel and to be on guard against potential disruptions. 


 
Ohio Nuclear-Plant Owner's Bankruptcy Plan Upheld by Appeals Court

A federal appeals court declined requests to revisit a bankruptcy plan covering Energy Harbor Corp., a nuclear-plant owner being investigated along with its former parent, FirstEnergy Corp., in an Ohio public-corruption probe. 


 
French Power Company Drops U.S. LNG Deal

Engie's decision to halt negotiations with LNG exporter NextDecade follows reports of pressure from the French government over methane concerns. 


 
PayPal's Growth May Fade, but Its Future Is Still Bright

PayPal may no longer be able to count on a historic transition from the checkout counter to online and touchless payments. But investors shouldn't abandon the stock yet.

(END) Dow Jones Newswires

11-03-20 1915ET