U.S. industrial production rose 1.1% last month, leaving output 5.6% below where it was in February. (WSJ)
Retail sales rose 0.3% in the U.S. in October while sales for nonstore retailers that include online merchants increased 3.1% from September. (WSJ)
About 300 companies that received as much as half a billion dollars in pandemic-related government loans have filed for bankruptcy. (WSJ)
Amazon extended its role in health care with the launch of a store for prescription medications on its platform. (WSJ)
Consumer-products supplier Unilever plans to expand sales of meat and dairy alternatives fivefold over the next five to seven years. (WSJ)
Mars is acquiring snack-bar maker Kind’s business in North America. (WSJ)
The head of the Business Roundtable called on the incoming Biden administration to start rolling back tariffs on China imports as part of a new round of trade negotiations. (WSJ)
Chinese electric-vehicle maker Nio’s sales more than doubled in the latest quarter. (WSJ)
Chinese semiconductor maker Tsinghua Unigroup defaulted on a bond payment. (WSJ)
Industrial minerals producer Imerys Talc America won bankruptcy-court approval to sell the business to Magris Resources Canada. (WSJ)
Pfizer started testing delivery of its coronavirus vaccine candidate in several states to assess ultra-cold storage capabilities. (Reuters)
India's Tata Steel is in talks to sell its plant in the Netherlands to Sweden's SSAB. (Nikkei Asian Review)
Russian e-commerce group Ozon plans to go public in the U.S. in an offering aimed at raising between $750 million and $1 billion. (Financial Times)
The International Maritime Organization endorsed new emissions-reduction targets that critics call weak and ineffectual. (TradeWinds)
Tanker operators are reporting weak third-quarter results on faltering spot rates that show carriers in a “cash-burn mode.” (Lloyd’s List)
BMW is testing the export of cars from Germany to Chengdu, China, by rail. (Automotive Logistics)
All North American Class 1 freight railroads and all but two other operators will meet a year-end deadline for implementing new rail-safety technology. (Progressive Railroading)
The backlog of truck-trailer orders in the U.S. is at its highest level since June 2019. (DC Velocity)
The Japanese arm of discount passenger airline AirAsia filed for bankruptcy protection and is halting operations. (Bloomberg)
Amazon is adding a fourth delivery facility in the Boise, Idaho, area. (BoiseDev)
|