Ericsson Profit Lifted by 5G Demand 
 

Ericsson posted an above-forecast net profit in the third quarter, as strong sales of 5G equipment helped offset a hefty sales decline in China.

 
BHP Iron Ore, Copper Output Falls 
 

BHP Group produced less iron ore, copper and steelmaking coal in its first fiscal quarter mostly because of planned maintenance work at its operations.

 
Danone Sales Ahead of Expectations 
 

Danone said sales rose to EUR6.2 billion in the third quarter, with strong growth across all regions and reiterated its guidance for the full year.

 
Chip-Designer Arm Sees Chip Shortage Lasting Through Next Year 
 

CEO Simon Segars voices optimism that the deal to be acquired by Nvidia will go through.

 
Springer Replaces Bild Editor 
 

The dismissal comes days before the German publisher is due to complete its acquisition of Politico.

 
German Fintech N26 Again Draws Regulatory Scrutiny 
 

The startup bank, newly valued at $9 billion, must temporarily limit new customer sign-ups while it improves its internal controls.

 
J&J Used Lenient Bankruptcy Rules to Push Talc Liabilities to Charlotte 
 

Johnson & Johnson used the lenient venue-selection rules of U.S. bankruptcy law to push tens of thousands of talc-related cancer claims to its bankruptcy court of choice, roughly 600 miles south of the company's New Jersey headquarters.

 
Microsoft Xbox Chief Sees Game-Buying Spree Continuing 
 

Phil Spencer, Microsoft's executive vice president of gaming, said the company is taking a long-term approach to adding teams to its gaming portfolio.

 
'CoComelon' Owner Moonbug Weighs Sale, IPO 
 

The company behind the hit children's show "CoComelon" is looking to cash in on its popularity by either selling itself or going public.

 
Reddit Seeks More Individual Investors for Share Offering 
 

'I want our users to be shareholders, and I want our shareholders to be users,' CEO Steve Huffman said of the platform's plans to go public, adding that market changes have improved small investors' access to new offerings.

(END) Dow Jones Newswires

October 19, 2021 03:15 ET (07:15 GMT)

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