HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps

The London-based bank, which makes most of its profit in Hong Kong and mainland China, earned $3.54 billion in the three months to the end of September, up from $1.36 billion in the same period last year.

 
PayPal Says Not Pursuing Acquisition of Pinterest

U.S. payments giant PayPal Holdings Inc. said it isn't currently pursuing a deal for social-media platform Pinterest Inc., days after media reports that the companies were in early talks for a multibillion-dollar deal.

 
Tesla Supplier Shows Off More Powerful Battery

The head of Panasonic's battery unit said the new cell has five times the capacity of smaller previous models.

 
Volvo Cars Prices IPO at Bottom of Range

Volvo Cars has priced its IPO at SEK53 a share, with gross proceeds of SEK20 billion likely from the flotation, less than previously expected.

 
Talks Collapse Over Sale of Italian Bank Monte dei Paschi

Italy's government and bank UniCredit had been negotiating over the sale of the nationalized lender. The end of the talks leaves little time to find a solution.

 
Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazilian Mines

The deal is a bet on continued demand for metals used in the production of electric-car batteries.

 
Facebook's Internal Chat Boards Show Politics Often at Center of Decision Making

In hot debates, employees and management spar over allegations content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback. Other internal documents show management expresses wariness of appearing biased. In response, Facebook says it enforces its rules equally and doesn't consider politics in its decisions.

 
Origin to Sell 10% APLNG Stake to EIG

Origin Energy Ltd. said it has agreed to sell a 10% stake in the Australia Pacific LNG facility in Queensland state to U.S.-based energy investor EIG for A$2.12 billion.

 
Gender-Neutral Toys Gain Ground

New efforts are under way to eliminate gender bias from toys, a longstanding issue for some companies, parents and advocates.

 
Andreessen Horowitz to Raise Roughly $6.5 Billion for New Venture Funds

The venture-capital firm plans to use the capital to fuel its aggressive deal-making pace, according to people familiar with the situation.

(END) Dow Jones Newswires

October 25, 2021 05:15 ET (09:15 GMT)

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