News Highlights: Top Company News of the Day
October 22 2021 - 3:30PM
Dow Jones News
Services Are Yet Another Snag for Oil and Gas
All three major oil field servicers-Halliburton, Schlumberger
and Baker Hughes-have less equipment and fewer employees after
years of austerity, prompting them to negotiate price hikes with
their customers.
LaserShip Names Home Depot Supply-Chain Executive as CEO
Mark Holifield will lead the parcel operator after overseeing an
overhaul of retailer Home Depot's distribution network amid growing
e-commerce demand.
Goldman Sachs Awards Executives One-Time Bonus
The bank is giving CEO David Solomon and president John Waldron
one-time stock bonuses designed to keep the executives at the helm
of Wall Street's biggest bank.
Google Charges More Than Twice Its Rivals in Ad Deals, Unredacted Suit Says
The suit by state attorneys general sheds new light on how the
search giant profits from its commanding position in the internet
economy.
DWAC, the Trump Social-Media SPAC, Soars in GameStop-Like Frenzy
Shares of the blank-check company tied to Donald Trump's new
online network surged again Friday, fueled by the enthusiasm of
individual investors on social media.
Music Publishers Propose Higher Streaming Payments
The National Music Publishers Association and five major
streamers are duking it out this week in front of the Copyright
Royalty Board, which determines royalty rates for songwriters and
publishers.
Carvana Faces Consumer Complaints, Government Scrutiny and Fines
Some buyers report months-long delays getting paperwork and
other problems; Carvana says it remains committed to
improvement
Justice Department Accuses Ericsson of Breaching Bribery Settlement
U.S. prosecutors have determined that Ericsson has violated the
terms of a $1.06 billion settlement agreement reached in 2019 over
allegations of bribery in five countries, the Swedish telecom
company said Friday.
Pfizer-BioNTech Covid-19 Vaccine for Kids Was Safe and 90.7% Effective, Companies Say
U.S. health regulators are expected to weigh in soon on the
evidence for giving the Pfizer-BioNTech Covid-19 vaccine to
children 5 to 11 years old.
American Express Posts Earnings and Revenue Beats. The Stock Is Rising.
The credit card giant earns $1.83 billion in the third quarter
vs. $1.07 billion a year earlier.
(END) Dow Jones Newswires
October 22, 2021 15:15 ET (19:15 GMT)
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