 | | | | Tesla Inc on Wednesday reported its fifth consecutive quarterly profit on record revenue of $8.8 billion, boosted by an uptick in vehicle deliveries and sales of environmental regulatory credits to other automakers. | | | | | | Chipotle Mexican Grill Inc on Wednesday posted an 18.6% drop in quarterly profit, hurt by higher beef prices, delivery costs and coronavirus-related expenses. Shares of the company, one of the best performers in the restaurant sector following a 60% rise this year, were down more than 6% after the closing bell. | | | | | | China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. | | | | | | Appliances maker Whirlpool Corp on Wednesday reported a 10.8% rise in third-quarter profit as stay-at-home orders boosted demand for its home appliances during the coronavirus crisis. | | | | | | The chief executive of Amtrak urged lawmakers on Wednesday to approve over $2 billion in new emergency assistance as the U.S. passenger railroad expects travel and revenue to fall by more than 70% from pre-coronavirus levels in 2021. | | | | | | Wall Street's three major averages closed lower on Wednesday after a volatile trading session, as investors worried whether difficult negotiations in Washington would produce a deal for a fresh U.S. coronavirus stimulus package. | | | | | | U.S. pipeline operator Kinder Morgan Inc reported a 10% drop in quarterly profit on Wednesday as a steep drop in natural gas prices due to the COVID-19 pandemic hurt production and transportation of fuel. | | | | | | Netflix Inc on Tuesday posted its weakest subscriber gains in four years as streaming competition increased, pandemic restrictions eased and live sports returned to television. | | | | | | Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short of criminally charging its executives or wealthy Sackler family owners. | | | | | | Soon after a Purdue Pharma LP affiliate pleaded guilty to misbranding its addictive opioid painkiller OxyContin in 2007, the company's Sackler family owners fretted about possible threats to their wealth. | | | | | |
