Coca-Cola Improperly Shifted Profits Abroad, Tax Court Rules

The beverage giant placed too much of its profit in its foreign operations instead of its higher-taxed domestic parent company, a U.S. Tax Court judge ruled. 


 
Owner of Bath & Body Works, Victoria's Secret Gets Pandemic Lift

L Brands, which owns both chains, said it swung to a profit and its overall sales rose 14% in the quarter ended Oct. 31. 


 
Garrett Motion Judge Sets Up Estimation For Honeywell Asbestos Claims

Garrett Motion filed for court protection in September amid a pandemic-driven sales decline and an escalating legal dispute with Honeywell over an arrangement under which Garrett Motion reimbursed the cost of settling asbestos injuries related to Honeywell products. 


 
Nvidia Benefits From Sustained Remote Work, Videogaming Demand

Graphics-chip maker's results were propelled by a pandemic-era boom in home computing and videogaming and the increasing use of its chips in big data centers. 


 
Pike Street Closes Inaugural Fund Targeting Industrial Technology

The firm closed on $237 million for its debut vehicle, exceeding its original 


 
Thyssenkrupp Sees Better 2021 as Losses Widen

Thyssenkrupp booked an adjusted loss of EUR1.63 billion in 2020 but said it expects better results next year. 


 
Kingfisher Sales Jump

Kingfisher's third quarter sales rose 17% on a like-for-like basis, and the DIY chain said the progress continued into the final quarter of the year. 


 
FDA Clears First Covid-19 Test Performed Fully at Home

The U.S. Food and Drug Administration authorized the first diagnostic coronavirus test that people can take by themselves and get results without the help of a lab, a step long awaited by public-health experts. 


 
Apple Slashes App Store Fees for Smaller Developers

Apple is cutting to 15% from 30% the commission it charges smaller developers that sell software through its App Store-a partial concession in its battle with critics over how it wields power in its digital ecosystem. 


 
'Wonder Woman 1984' Heads for Homes and Theaters

AT&T's Warner Bros. said it would debut its highly anticipated "Wonder Woman" sequel simultaneously in theaters and on the HBO Max streaming service on Christmas Day.

(END) Dow Jones Newswires

11-19-20 0515ET