DOJ Files Google Antitrust Lawsuit

The lawsuit accuses the search giant of anticompetitive conduct and marks the most aggressive U.S. legal challenge to a company's dominance in the tech sector in more than two decades. 


 
Goldman to Pay $2.8 Billion, Admit Wrongdoing to Settle 1MDB Charges

Goldman Sachs Group will pay the U.S. government about $2.8 billion and admit wrongdoing in a Malaysian bribery scandal, settling charges stemming from its work with a corrupt government investment fund. 


 
Intel's Deal With SK Hynix Shows Limited Space Left for Chip Makers

Intel's $9 billion deal to sell most of its memory-chip business to the South Korean company accelerates the industry consolidation around a ubiquitous technology component. 


 
P&G and Reckitt Clean Up on Pandemic-Driven Hygiene

Procter & Gamble reported its biggest global sales increase in 15 years as the world's consumers spent more to keep their homes and themselves clean during the coronavirus pandemic. Reckitt reported its sharpest quarterly sales growth on record, driven by its hygiene unit. 


 
Albertsons 2Q Profit Exceeds Analysts' Expectations

Albertsons reported stronger sales for its latest quarter but demand was a bit slower when compared with earlier this year, when consumers loaded up on food to eat at home during the Covid-19 pandemic. 


 
Lockheed Martin Sets Modest Sales Expectations

The world's largest defense company said it expects sales to rise about 3% next year as it provided a first look at the impact of slowing military budget growth. 


 
Travelers' Profit Rose in Third Quarter

Property-casualty insurance company Travelers Cos.'s reported an increase in profit and net written premiums for the quarter that ended last month and reported just under $400 million in pretax catastrophe losses. 


 
UBS Profit Doubles on Trading Surge

The Swiss lender said a surge in client trading and deal making is freeing up cash for dividends and share buybacks despite the coronavirus pandemic. 


 
Pioneer Natural Resources Is in Talks to Buy Parsley Energy

The two oil-and-gas companies, shale producers that operate in the Permian Basin of Texas and New Mexico, are discussing an all-stock deal that could be completed by the end of the month, according to people familiar with the matter. 


 
Microsoft Teams With SpaceX to Push Cloud Battle With Amazon Into Orbit

Microsoft will help connect and deploy new services using swarms of low-orbit spacecraft being proposed by SpaceX, part of an initiative targeting commercial and government space businesses that comes just months after Amazon disclosed its own space-focused effort.

(END) Dow Jones Newswires

10-20-20 1115ET