Barclays Profit Rises on Investment Banking

The London-based lender said its net profit rose in the third quarter, driven by a continued strong performance at its investment bank.

 
China Evergrande Calls Off Plans to Sell Key Unit for $2.6 Billion

The move is a major setback in the real-estate giant's attempts to ease its liquidity crunch.

 
China's Modern Land Withdraws Debt Extension Request on Liquidity Woes

Modern Land (China) Co. has withdrawn its plan seeking permission from its debtholders to allow the Chinese property developer to delay repaying a $250 million bond, citing liquidity issues.

 
IBM's Sales Hit by Slower Client Spending

Total revenue for the September quarter rose to $17.62 billion, shy of analysts' expectations as the company said its cloud business and some clients' pause in spending weighed on its results.

 
PayPal's Vision Board Comes Into Focus With Pinterest

Payments company's ambitions to play a bigger role in the shopping process could pay off.

 
Trump's Social-Media Company to Go Public via SPAC

The former president says Trump Media & Technology Group will create Truth Social to combat large social-media platforms.

 
FDA Authorizes Covid-19 Vaccine Boosters From Moderna, J&J

U.S. health regulators significantly widened the nation's Covid-19 booster campaign, clearing use of extra doses of Moderna and Johnson & Johnson vaccines and also saying people can get a shot that is different from what they had previously received.

 
Elliott Has Large Position in Canadian National

Activist investor Elliott Management has a big stake in Canadian National Railway, adding to pressure on the railroad after its CEO resigned following a failed bid for rival Kansas City Southern.

 
Woodside Quarterly Sales Revenue Jumps Amid Energy Price Rally

Woodside Petroleum reported a 19% jump in sales revenue in the third quarter from the preceding quarter, because of stronger prices for its liquefied natural gas amid an energy supply shortage.

 
South32 Quarterly Aluminum, Manganese Output Rises; Nickel Output Falls

Australia-based mining company South32 said it produced more aluminum, manganese ore and steelmaking coal in its first fiscal quarter versus the quarter immediately prior, but less nickel, energy coal and alumina.

(END) Dow Jones Newswires

October 21, 2021 03:15 ET (07:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.