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AMD agrees to buy rival Xilinx in $35-billion deal to take on Intel

Deal will broaden AMD's business into chips for 5G market, automotive electronics

Rolls-Royce rescue plan flies as shareholders back 2 bn pound rights issue

Airlines pay Rolls based on how many hours its engines fly and a plunge in flying during the crisis has put Rolls's finances under intense scrutiny.

Airbnb sets stage for blockbuster market debut, looks at Nasdaq listing

Airbnb did not give a timeline for when it may complete its IPO

Pfizer says no Covid vaccine data yet, unlikely to come before US elections

An independent panel will conduct the first analysis when it reaches 32 infections.

Sensex, Nifty gain on hopes of higher inflows after MSCI Index rejig

Hopes of higher foreign inflows into local mkts after change in foreign ownership limits drive rally

3M profit beats on healthcare boost; says demand for N95 masks to continue

Sales from three of the company's four main businesses rose, with the healthcare unit recording a 25.5% jump and accounting for more than a quarter of the company's total sales

EU warns not enough Covid-19 vaccines for entire Europe before end of 2021

The EU Commission had earlier said vaccines will be limited "during the initial stages of deployment" but had never clarified how long the initial phase would last

UK starts real-time review of Moderna's Covid-19 vaccine candidate

Moderna said earlier this month it was going to apply for real-time reviews of its experimental Covid-19 vaccine to Europe, following rolling reviews of shots of its rivals Pfizer Inc and AstraZeneca

Chevron to lay off about 25% of Noble Energy employees after merger

The job cuts come after the company promised to lower its operating expenses by $1 billion this year in the face of sharply lower energy demand

Spain to hike taxes on large companies, high earners in 2021 budget

Governments around the world have so far said very little about how they plan to pay for the cost of unprecedented levels of state support to virus-hit economies

Caterpillar earnings decline as economy woes deter equipment purchases

The company did not provide an updated earnings guidance due to COVID-19 uncertainties

Tiffany, LVMH in indirect talks to settle dispute over $16 bn deal: Report

The two parties could be looking to slightly lower the price of the deal or potentially move to a tender offer, the report said

Novartis lifts 2020 forecast as drugmakers see hospitals coping with Covid

Novartis's third-quarter core net income climbed 8% to $3.47 billion, above analysts' mean forecast of $3.32 billion

Merck says early data from Covid-19 vaccines expected this year

Initial data showing whether V591 triggers an immune response in trial participants is expected by the end of the year

S&P 500, Nasdaq rise as corporate earnings take center stage

The Dow Jones Industrial Average fell 34.20 points, or 0.12%, at the open to 27,651.18.

Drugmaker Pfizer not yet ready to release Covid-19 vaccine data

Pfizer said in a presentation that the independent monitor which will determine whether or not the trial has been successful has not conducted any interim efficacy analyses yet

Tata Motors sees better second half even as it prepares for hard Brexit

By Chandini Monnappa and Aditi Shah

Lufthansa braces for very slow recovery in passenger demand

Reliable forecasts remain impossible for the time being, but advance bookings for private trips in June next year are close to pre-crisis levels and already above them on certain days in September.

Novavax delays US trial of Covid-19 vaccine candidate to November

The US-based drug developer said data from a separate phase 3 trial being conducted in Britain was expected by the first quarter of 2021

Oil prices rise towards $41 on US Gulf shutdowns, weak outlook

Companies including BP, Chevron and Equinor ASA evacuated rigs, and so far producers have shut 16%, or 293,656 barrels per day (bpd) of oil output due to Hurricane Zeta.