Twilio to Acquire Customer-Data Firm for $3.2 Billion

Twilio agreed to acquire Segment, a software provider that focuses on helping businesses track customer data. 


 
British Airways CEO Departs as Parent IAG Seeks Revamp

Parent IAG replaced British Airways' chief executive, moving to shake up the senior ranks at several of its most important airlines as the industry faces a crisis. 


 
Santander Debt Surges as Investors Take a Risky Bet on Redemption

Investors are betting Spanish lender Banco Santander won't be able to make interest payments on a risky form of bank debt. In a strange twist of events, instead of shunning the debt, investors are scooping it up. 


 
Ant Group Taps Millions of Its Own Users for Early-Bird IPO Funds

The financial-technology behemoth raised nearly $9 billion last week from mutual funds sold on its platform to individual investors, who had to agree to lock up their money for 18 months. 


 
Airlines Brace for Years of Lower Demand

European carriers lost more than $35 billion in revenue amid the pandemic, and the industry may not recover until 2024. 


 
An October Amazon Prime Day Opens a Remade Holiday Shopping Calendar

Retailers want the holiday buying season to hit full speed in October as they brace for a sluggish end to the shopping year. Walmart, Target and Amazon are among the retailers starting online holiday deals this week. 


 
Apple's New iPhone 12 With 5G Technology Carries High Expectations

Some see the new smartphone spurring consumer upgrades and record sales, while others question the appeal of faster speeds. 


 
Opioid Crisis Pushes Drugmaker Mallinckrodt to File for Bankruptcy

The company, weighed down by litigation related to opioids and a multiple-sclerosis treatment, said it agreed a proposed restructuring that would reduce its total debt by about $1.3 billion. 


 
Levi's, Hilfiger Push a New Kind of Online Shopping

Retail brands hope shoppers who are still reluctant to visit stores can be persuaded to tune in to live-streamed online sales events and purchase blouses, handbags and other nonessential items ahead of the holiday shopping season. 


 
Bayer, BASF Fight to Keep Weedkiller on U.S. Farms

The chemicals makers are hoping the EPA responds to a court-ordered ban on their dicamba herbicides by allowing them back on the market despite complaints about crop damage.

(END) Dow Jones Newswires

10-12-20 1115ET