Shell Tries to Woo Investors With Dividend Raise, Promise of Future Payouts

Shell reported a small profit, raised its dividend and said it planned to increase shareholder payouts, offering an upbeat assessment of its ability to weather the pandemic-inspired demand shock that has kept oil prices weak. 


 
Online Beer Sales, Drinking at Home, Boosts Budweiser Brewer

Homebound drinkers bought more beer online and at supermarkets, boosting organic sales at AB InBev and cushioning the revenue lost at restaurants and bars amid Covid-19 restrictions. 


 
Spotify Recovers From Early-Pandemic Slump

Spotify moved past a slump that hit early in the pandemic, as customers collectively spent more time listening to the service than before Covid-19 shutdowns. 


 
Carlyle Earnings Climb on Strong Growth in U.S., Asia

Carlyle Group's third-quarter earnings jumped as the value of investments in some of the firm's U.S. and Asia buyout funds posted strong appreciation. 


 
Marvell Nears Deal to Buy Inphi

Marvell Technology Group Ltd. is nearing a deal to buy Inphi, according to people familiar with the matter, in what would be the second big semiconductor tie-up this week as the industry rapidly consolidates. 


 
Credit Suisse Targets Share Buybacks, Higher Dividend

Swiss lender Credit Suisse Group said it plans to start buying back shares and raise its dividend, as investment activity by wealthy clients helped buoy its third-quarter earnings. 


 
Merck's Digital-Health Venture Arm Quickens Investment Pace

Drugmaker Merck & Co.'s digital-health venture-capital arm is picking up the pace of its investments and widening its scope even as restrictions imposed by the global coronavirus pandemic have forced it to rethink its operations. 


 
Volkswagen Earnings Declined; Backs 2020 View

Volkswagen posted lower third-quarter earnings and revenue but said that it noticed a clear recovery in the period, and backed its guidance for the full year. 


 
Lloyds 3Q Beat Views on Pretax Profit, Net Income, Impairments

Lloyds reported a significant rise in profit for the third quarter of the year, beating market views on net income and impairments for the period. 


 
Standard Chartered's Pretax Underlying Profit Falls 40%

Standard Chartered's third-quarter pretax underlying profit slumped 40%, as credit impairments continued to rise sharply due to the pandemic, albeit at a slower pace than in previous quarters.

(END) Dow Jones Newswires

10-29-20 0715ET