News Highlights: Top Company News of the Day
October 22 2021 - 5:30AM
Dow Jones News
Evergrande Makes Overdue Payment, State Media Says
The unexpected payment to international bondholders allows the
struggling Chinese property giant to stave off what threatens to
spiral into the biggest corporate default in Asia.
U.S. Issued $100 Billion in Export Licenses to Suppliers of Huawei, SMIC
The U.S. Commerce Department issued hundreds of export licenses
for semiconductors and other products to suppliers of the
blacklisted Chinese tech companies, as the global chip shortage
started to bite.
Moderna and J&J Covid-19 Booster Shots Backed by CDC
The director's signoff on extra doses, and on taking a booster
different from one's vaccine, was the final step before shots
become available in U.S.
Western Digital-Kioxia Deal Talks Stall
The steady drop in Western Digital's share price since June was
a factor that cooled merger discussions.
J&J Talc Claims May Not Belong in Charlotte Bankruptcy Court, Judge Says
A bankruptcy judge said he is unsure if his North Carolina
courtroom is the right venue for a Johnson & Johnson subsidiary
to potentially settle tens of thousands of talc-related injury
claims and suggested the case could be moved closer to the consumer
goods giant's New Jersey headquarters.
American, Southwest Say Vaccine Mandate Won't Disrupt Flights
Some aviation unions have pushed back against the requirement,
raising the possibility of service problems during holiday
season.
Renault Cuts Production Outlook on Chip Shortage
Renault said it expects a production loss of around 170,000
vehicles for the third quarter and close to 500,000 for the year
due to a lack of components.
Remy Cointreau Targets Strong Growth as Sales Jump
Remy Cointreau posted an above-forecast sales rise of 24% in the
second quarter and said it was targeting "strong growth" in
operating profit for the year, with a more moderate outlook for the
second half.
Stellantis, Samsung SDI to Make EV Batteries in U.S.
Stellantis and South Korea's Samsung SDI have entered into a
memorandum of understanding to make battery cells and modules for
North America.
Whirlpool Doesn't See Appliance Shortage Ending Soon
The appliance maker said shortages of dishwashers and
refrigerators are likely to stretch well into next year as
supply-chain problems constrain production and consumer demand
remains strong.
(END) Dow Jones Newswires
October 22, 2021 05:15 ET (09:15 GMT)
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