Caterpillar's Profit Doubles on Construction Project Strength

The maker of mining trucks and construction bulldozers flagged higher manufacturing costs, especially increased shipping rates, and said it was continuing to face supply-chain challenges.

 
Comcast's Profit Doubles,

Strong revenue growth during the third quarter at the NBCUniversal unit came as the company's broadband business slowed.

 
Volkswagen Faces an Even Bumpier Road to EVs Than Detroit

Third-quarter losses from the namesake VW brand are a reminder that the highly political German company will be harder to reshape for a new technological era than its U.S. peers.

 
Shell Argues Against Activist Investor's Call to Split

The chief executive of Shell defended the energy giant's business model, a day after activist investor Third Point called for the breakup of the company to improve its environmental and financial performances.

 
Activision Blizzard Chief Reduces Pay, Pledges Changes Amid Probes Into Company Culture

The chief executive of the videogame empire told employees he will take a pay cut and end mandatory arbitration for internal harassment and discrimination claims.

 
Bud Brewer AB InBev Buoyed by Brazil Despite U.S. Weakness

Strong demand for the beer giant's products in South America helped make up for weakness in the U.S., where drinkers switched away from beer and supply chains were disrupted.

 
Can't Buy a PS5? Buy Sony Stock Instead

Sony's share price has gained 25% this year to reach its highest level since the dot-com boom. But the company has a more solid base this time with its broad entertainment offerings from games to music.

 
Brookfield Unit Hires Former Regulator to Expand Life-Insurance Business

Michael McRaith says he would be involved in all aspects of the growth in the U.S. and internationally.

 
T. Rowe Price to Buy Debt-Investment Firm Oak Hill Advisors in $4.2 Billion Deal

This is T. Rowe Price's first significant corporate acquisition in more than two decades. Many money managers have recently made acquisitions to help their bottom line with new products or scale.

 
Carlyle Earnings Jump as Private-Equity Portfolio Rises

The Washington, D.C., firm reported net income of $532.8 million in the third quarter, and the amount of cash that could be returned to shareholders reached record levels.

(END) Dow Jones Newswires

October 28, 2021 09:15 ET (13:15 GMT)

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