Business
Navistar, Bank Of New York Mellon Rise; Schlumberger Falls
Stocks that moved heavily or traded substantially Friday:
Volkswagen Raises Navistar Bid To $44.50/share To Clinch Trucks Deal
Volkswagen's trucks business Traton said on Friday it had agreed to raise its takeover bid for Navistar International Corp to $44.50 per share from $43, closing in on a deal that would extend its reach into North America.
Kharif Foodgrain Production Likely to Be Record 144.52 Mn Tonnes in 2020-21: Agriculture Minister
"Foodgrain production will be better than last year. As per the initial estimates, foodgrain production is projected to be 144.52 million tonnes in the 2020-21 kharif season," Tomar said addressing a digital conference organised by industry body CII.
Earnings Calendar For The Week Of 10/19/2020
Major companies tentatively scheduled to post quarterly earnings next week:
Asian Shares Perk Up On China Gains, Virus Woes Linger
Asian stocks edged higher on Friday, buoyed by gains in China, but the mood was cautious due to a resurgence of coronavirus infections in Europe and the United States.
Tiffany Says October Sales Strong As Legal Battle With LVMH Drags On
Tiffany & Co said on Thursday sales have been rising through October with its business in the midst of a rebound, as the jeweler looked to counter claims from French luxury giant LVMH that its prospects were "dismal".
Bank Of America Profits Falls 16% In Third Quarter
Bank of America Corp. says profit fell 15.6% to $4.88 billion in the third quarter from $5.78 billion a year ago.
Ford Moves Escape SUV Production To Next Year
Ford Motor Co said on Tuesday it was moving fullscale production of its plugin Escape sportutility vehicle to next year as it reviews similar vehicles recalled in Europe.
Qantas Launches Athleisure Clothing Line In Latest Revenue-raising Initiative
Cashstrapped Qantas Airways Ltd on Wednesday launched a range of pricey athleisure clothes as its latest revenueraising scheme to help weather the coronavirus pandemic.
Brazil Charges JBS Unit Over Coronavirus Worker Protection, 18th Suit Against JBS
Federal labor prosecutors in Brazil have filed a civil suit against food processor Seara Alimentos, a division of meatpacking giant JBS SA, accusing it of failing to protect workers from the coronavirus at two plants in the southern state of Santa Catarin...
Chilean Miner Trapped Underground A Decade Ago Recalls The Day He Saw The Light
The spectacular rescue a decade ago of 33 miners trapped for two months underground in Chile´s farflung Atacama desert made headlines around the world.
Boeing's Struggles Continue: No Jetliner Sales In September
Boeing failed to sell any airline planes last month and suffered more cancellations of a grounded jetliner, further evidence of the company's battle to overcome a drop in air travel during the pandemic and crashes involving the 737 Max.
Bank of Baroda May Consider 50:50 Split Between Staff at Branches, WFH Employees
Currently, 80 per cent of the bank's staff is deployed at the branches. In July, State Bank of India's then chairman Rajnish Kumar said the lender would institute 'work-from-anywhere (WFA)' at the bank.
Wall Street Retreats After Four-day Winning Streak As J&J Vaccine Worries Weigh
Wall Street's main indexes fell on Tuesday after a fourday winning streak as a pause in Johnson & Johnson's COVID19 vaccine trials spurred concerns about a full economic rebound from the coronavirusled downturn.
Citi 3Q Profit Fall 34% But Tops Wall Street Expectations
Citigroup says profit fell 34% in the third quarter due to weakness in its consumer banking division.
$5 Trillion Investor Group Sets Tougher Portfolio Carbon Targets
Thirty of the world's largest investors managing a combined $5 trillion (3.8 trillion pounds) said on Tuesday they plan to set targets to lower their portfolio carbon emissions by as much as 29% over the next five years.