DoorDash Inc showed a surge in revenue growth in 2020 and reported a quarterly profit for the first time in its IPO filing on Friday, as the U.S. food delivery startup prepares for what is set to be one of the year's most high-profile market debuts.
The Securities and Exchange Commission charged former Wells Fargo CEO John Stumpf and retail banking head Carrie Tolstedt with misleading investors, the watchdog announced Friday.
General Motors Co said on Friday it was recalling 68,677 electric cars worldwide that pose a fire risk after five reported fires and two minor injuries.
Wall Street gained ground on Friday with upbeat earnings reports helping to drive optimism about the economy even as investors weighed a current surge in virus cases against hopes for successful COVID-19 vaccines.
The Trump administration granted ByteDance a 15-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app by Thursday.
McDonald's Corp franchisees will be inspected by the company to ensure compliance with safety standards as coronavirus cases surge again and "COVID fatigue" sets in, according to an internal note seen by Reuters on Friday.
U.S. stocks were sharply higher and the Treasury yield curve steepened on Friday as upbeat earnings and President-elect Joe Biden's COVID advisory team helped reassure investors about the threat of new pandemic-related lockdowns to combat record spikes in coronavirus infections.
Comcast Corp said on Friday its corporate venture capital firm, Comcast Ventures, will become a part of its strategic business development team at its cable segment.
U.S. consumer sentiment fell unexpectedly in early November as households worried about their finances, the resurgent COVID-19 pandemic and the depleted fiscal stimulus, dimming the economy's outlook as the curtain started to close on a challenging year.
DoorDash, the U.S. food delivery startup backed by SoftBank Group, made public on Friday its regulatory filing for a listing on the New York Stock Exchange, setting the stage for a blockbuster IPO before the end of the year. Fred Katayama reports.
WeWork is still burning through cash. But the office sharing firm says 2020 has seen a 'seismic shift' that will drive demand for its flexible workspaces. Julian Satterthwaite reports.
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