News Highlights: Top Company News of the Day
October 21 2021 - 05:30PM
Dow Jones News
Intel's Earnings Dented By Chip Shortage
The semiconductor company enjoyed strong demand, though some
sales have been delayed.
Snap Shares Slide as It Blames Apple's Privacy Changes for Hurting Its Ad Business
The social-media company posted revenue and user growth in the
latest quarter but expects growth to slow.
Pinterest's Marketing Allure Drives Suitors' Interest
PayPal wants to buy the social-media platform, which offers a
coveted female user base and a focus on spurring e-commerce
sales.
Blackstone Can Deal With Rising Rates
Alternative asset managers have been big beneficiaries of low
rates and surging market values, but their upswing could continue
even if those things don't.
Rail-Yard Congestion Holds Down Shipping Volumes
CSX and Union Pacific say higher prices are helping revenue, but
shortages of workers and equipment have them turning down
business.
DWAC, the Trump Social-Media SPAC, Quadruples
Investors piled into shares of the special-purpose acquisition
company taking former President Donald Trump's new social-media
platform public, igniting a buying frenzy reminiscent of the SPAC
craze from early this year.
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.
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.
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.
IPG Raises Organic Growth Expectations as Pandemic Impacts Improve
Ad holding company Interpublic Group of Cos. saw organic growth
of 15% in the third quarter.
(END) Dow Jones Newswires
October 21, 2021 17:15 ET (21:15 GMT)
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