News Highlights: Top Company News of the Day
October 28 2021 - 3:30AM
Dow Jones News
Samsung Posts Record Quarterly Revenue From Chip Boom
The chip maker's third-quarter performance slightly exceeded
analyst estimates and highlights the strength of demand for digital
products and services.
Why Apple's Privacy Changes Hurt Facebook but Benefited Google
New iPhone privacy standards rocked digital advertising, raising
some boats and lowering others.
Profit Falls at GM and Ford as Chip Shortage Takes Toll
Executives from the Detroit auto makers said supply-chain
disruptions should slowly improve in the fourth quarter and
throughout next year.
Hertz Links Up With Uber to Offer 50,000 Tesla Rentals
The deal comes days after Hertz, which has emerged from
pandemic-induced bankruptcy, said it was making a significant
investment in an electric-vehicle rental fleet.
Volkswagen Backs Profit Target for 2021 After 3Q Hit by Chip Shortage
Volkswagen confirmed its guidance for profitability for the year
after third-quarter operating profit and revenue declined as the
car maker was affected by the global semiconductor shortage.
Nokia Beats Forecasts, Component Shortages Cost Could Weigh on Margins
Nokia posted a forecast-beating rise in third-quarter net profit
and now expects full-year margins to land at the top of its
guidance range. However, it cautioned that both the availability
and "unprecendented" cost inflation of components could hurt
margins next year.
AB InBev Raises Full-Year Forecast
Anheuser-Busch InBev reported a rise in both revenue and
third-quarter headline Ebitda, and raised its full-year
guidance.
WPP Lifts Guidance as Revenue Grows in All Regions
WPP said that its third-quarter revenue grew and raised its
full-year guidance.
Sony Group's Second-Quarter Net Profit Fell as Game Business Slowed
Sony Group's second-quarter net profit fell, as its game
business slowed and due to a high base caused by a tax-related
one-off gain booked a year earlier
Chinese Property Developer Kaisa Group Dives on Downgrades
Shares of Kaisa Group Holdings slumped to their lowest intraday
level on record after Fitch Ratings and S&P Global Ratings
downgraded the Chinese property developer on refinancing risk.
(END) Dow Jones Newswires
October 28, 2021 03:15 ET (07:15 GMT)
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