GM Profit Sinks as Chip Shortage Takes Toll

The Detroit auto maker, reporting record pricing and a lucrative mix of higher-profit SUVs and trucks, said its full-year profit would finish at the high end of its prior estimate.

 
Boeing Reports Loss, Hit by Dreamliner and Starliner Setbacks

The plane maker had a net loss of $132 million, as 787 Dreamliner production problems and its latest space-launch setback offset a recovery in demand for new aircraft.

 
GlaxoSmithKline Earnings Beat Expectations. The CEO Says Her Plan Is Working.

Amid an assault from activist investors, GlaxoSmithKline CEO Emma Walmsley said the company's third-quarter financial results show that her strategy is on the right track.

 
Telecom Mogul's Family Feud Creates Boardroom Chaos for Canadian Telecom

The split over control of Rogers Communications has exposed family grievances, confused employees and investors, and complicated a pending $16 billion takeover.

 
Kraft Heinz Raises Full-Year Outlook as It Tackles Inflation

The food maker posted net income attributable to shareholders of $733 million, compared with $597 million a year earlier.

 
Hertz Links Up With Uber to Offer 50,000 Tesla Rentals

The deal comes days after Hertz, which collapsed into bankruptcy at the start of the pandemic last year, said it is making a significant investment in an electric-vehicle rental fleet.

 
McDonald's Sales Rise as U.S. Menu Prices Climb

The burger giant said that bigger order sizes and higher prices increased its revenue in the U.S., while loosening Covid-19 restrictions overseas helped to boost its international business.

 
Coca-Cola Stock Rises as Beverage Giant Boosts Profit Outlook

Coca-Cola says it expects adjusted profit growth of 15% to 17% in 2021.

 
Deutsche Bank Posts Higher Profit as Loan Charges Fall

The German lender's businesses did better than expected in the third quarter but higher costs and a continued slowdown in its investment-banking arm weighed on results.

 
Spotify Ad Business Boosted by Podcasts

Spotify's big podcast bet appears to be paying off, with third-quarter advertising revenue up 75% from a year earlier and user growth picking up after a lull earlier this year.

(END) Dow Jones Newswires

October 27, 2021 11:15 ET (15:15 GMT)

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