Travelers Profit Falls 20% on Hurricane Ida, Auto Claims

The property-casualty insurer reported a quarterly income of $662 million, weighed down by storm damage and car-wreck related claims.

 
Johnson & Johnson's Sales Climb Across Divisions

The company's revenue rose 11% year over year in the third quarter to $23.34 billion as the healthcare sector continued to recover from its pandemic disruption.

 
P&G to Raise Prices on Staples as Supply Problems Hit

Procter & Gamble said the cost of materials and freight jumped more than expected, cutting into profit, though it maintained its outlooks for the year.

 
Apollo Targets $1 Trillion in Assets, Aiming to Outpace Blackstone

Apollo Global Management said it expects its assets under management to double to about $1 trillion by 2026, setting up a race with fellow investment behemoth Blackstone, which has set the same lofty target.

 
Deere and Striking Workers Resume Contract Talks

Deere, the agricultural equipment giant, says it's 'fully committed to the collective bargaining process and resolving the strike.'

 
Kushner Cos. Goes Outside the Family to Replace Jared as CEO

Laurent Morali, president of Kushner Cos., will take over as chief executive effective immediately, the real-estate company said.

 
Halliburton Earnings Topped Estimates. Its Stock Is Dropping.

Halliburton reported an adjusted profit of 28 cents a share, beating forecasts for 27 cents a share, on sales of $3.9 billion, just below expectations for $3.91 billion.

 
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.

 
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.

 
App Deal Highlights a Push to Lure Workers Back Into Offices

Real-estate data firm VTS has agreed to buy Toronto-based Lane Technologies, an office-app developer.

(END) Dow Jones Newswires

October 19, 2021 09:15 ET (13:15 GMT)

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