WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO

The shared-office company, which combined with a SPAC, has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19.

 
Pfizer-BioNTech Booster 95.6% Effective in Trial, Companies Say

The study was carried out while the highly contagious Delta variant was prevalent, the companies said, suggesting the booster helps protect against the contagious strain.

 
Facebook Is Rebuked by Oversight Board Over Transparency

The board said the company hadn't been forthcoming about how it exempts high-profile users from its rules and that it is drafting recommendations for how to overhaul the system, following a WSJ investigation.

 
Southwest Airlines to Cut Flights Amid Staffing Shortages

Southwest said a cascade of cancellations earlier this month cost it $75 million, and it's planning to throttle back on flying to prevent similar incidents.

 
AT&T Wireless's Gains Dwarf Shrinking Media Business

AT&T cut a slimmer profile in the third quarter with the first of a series of entertainment divestitures out the door, even as its core wireless business continued to grow.

 
Unilever Held Back by Lingering Covid-19 Restrictions in Asia

The Dove soap maker said pandemic-related restrictions in several key markets were still keeping a lid on sales growth even as business begins to return to normal in the U.S. and Europe.

 
Blackstone's Profit Nearly Doubles

Blackstone's net income nearly doubled in the third quarter, driven by strong investment performance for its largest strategies and continued expansion into fast-growing new business lines.

 
Mexican Steelmaker Altos Hornos Explores U.S. Bankruptcy Filing

Mexican steelmaker Altos Hornos de Mexico SAB de CV is exploring a U.S. bankruptcy filing to dispute payments its chairman agreed it would pay Mexico's state-owned oil company to settle corruption claims against him, according to people familiar with the matter.

 
Greyhound Swaps Hands Between European Companies

The U.S. bus company was sold to German-owned intercity bus operator FlixMobility for $172 million.

 
VideoAmp Raises $275 Million as It Aims to Accelerate Growth

Media measurement company VideoAmp has raised $275 million in a series F round of funding as it pursues its efforts to take a slice of the media measurement business dominated by Nielsen, the company said.

(END) Dow Jones Newswires

October 21, 2021 11:00 ET (15:00 GMT)

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