 | | | | U.S. stock indexes closed lower on Friday to cap Wall Street's biggest weekly sell-off since March, as losses in richly priced tech heavyweights, a record rise in coronavirus cases and jitters over the presidential election snuffed investor sentiment. | | | | | | Exxon Mobil Corp posted its third straight quarterly loss on Friday and detailed deeper spending cuts to come, as the oil major reels from the COVID-19 pandemic's impact on energy demand and prices. | | | | | | The Canadian border official who questioned Huawei Chief Financial Officer Meng Wanzhou before police arrested her two years ago told a court on Friday he was "red-faced" when he realized he mistakenly gave her phones' passcodes to the police. | | | | | | U.S. District Judge Wendy Beetlestone in Pennsylvania on Friday blocked a U.S. Commerce Department order barring key technical transactions with TikTok set to take effect Nov. 12. | | | | | | Stocks across the globe resumed their slide on Friday and oil posted a double-digit weekly fall on continued concern over the economic impact of rising global coronavirus infections and ahead of Tuesday's U.S. presidential election. | | | | | | Alphabet's Google must tell a district court how it will respond to a federal antitrust lawsuit by mid-November, with the two sides making initial disclosures later in the month, U.S. Judge Amit Mehta said in a brief order Friday. | | | | | | Altria Group Inc on Friday took a third-quarter hit of $2.6 billion to its investment in Juul Labs Inc, further diminishing the value of its initial $12.8 billion stake in the e-cigarette maker that is facing increased regulatory scrutiny. | | | | | | A group of business leaders and public policy experts is launching a new body to grapple with thorny questions surrounding the future of transportation including self-driving and electric vehicles. | | | | | | With the presidential election drawing near, a litany of data released this week shows the U.S. economy continues to climb out of the recession caused by the coronavirus pandemic, but progress is slowing. | | | | | | U.S. oil majors Chevron Corp and Exxon Mobil Corp cut spending aggressively in the third quarter in a race to offset weak trends in fuel demand caused by the COVID-19 pandemic, though the former managed a slim profit. | | | | | | Boeing is unlikely to launch a new plane in the near future but its options will depend in part on how successfully its grounded 737 MAX regains its position in the market, the head of one of its engine suppliers said on Friday. | | | | | |
