Business

Facebook Inc beat analysts' estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools during a pandemicinduced surge in online traffic.

Amazon.com Inc on Thursday reported record profit for the second consecutive quarter and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic.

Facbook said in its outlook that it faced “a significant amount of uncertainty,” citing impending privacy changes by Apple and a possible reversal in the shift to online commerce that was prompted by the pandemic.

Google parent Alphabet Inc on Thursday returned to sales growth in the third quarter, beating analysts' estimates, as businesses initially hobbled by the coronavirus pandemic resumed advertising with the internet's biggest supplier of ads.

Stocks that moved heavily or traded substantially Thursday:

The days of airlines blocking seats to make passengers feel safer about flying during the pandemic are coming closer to an end.

The European Union is set to propose new laws to rein in the power of big tech companies, including measures to ensure customers are protected, smaller rivals are treated fairly, and illegal content is dealt with, the bloc's digital and antitrust chief sa...

European stocks and commodity markets fell again on Thursday, after a return to national lockdowns in some of the region's biggest economies triggered the worst global selloff in months.

Panasonic Corp said on Thursday it is working to develop a new battery cell for Tesla Inc based on the U.S. electric vehicle maker's new cell format, as the Japanese company moves forward its decadeold partnership with Tesla.

AnheuserBusch InBev, the world's largest brewer, scrapped its interim dividend and said quarterly profits dipped on Thursday as the shift to drinking at home pushed up its costs.

Sanofi raised its 2020 outlook for the second time this year after posting slightly strongerthanexpected thirdquarter results on Thursday, helped by growth at its specialty care and vaccines units.

General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares higher in premarket trading.

The U.S. government will pay as much as $1.19 billion to Eli Lilly and Co to secure nearly 1 million doses of its experimental COVID19 antibody treatment, a drug similar to a treatment that U.S. President Donald Trump received.

Aston Martin said on Wednesday all the shares available in its 125millionpound ($162.91 million) capital raise have been placed or subscribed, as the lossmaking carmaker aims to turnaround its business.

The Organization of the Petroleum Exporting Countries (OPEC) and its allies will have to contend with a "lot of demand issues" before raising supply in January 2021, given throughput cuts by oil refiners, the head of Saudi Aramco's trading arm said.

Deutsche Bank AG on Wednesday reported a surprise swing into net profit in the third quarter, as it navigates ongoing restructuring and the impact of the COVID19 pandemic.