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.

 
Hertz Posts Quarterly Profit on Travel Rebound

Revenue climbed as leisure travel staged a comeback, and the rental-car company sees strong bookings for the holiday season.

 
Comcast's Profit Doubles,

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

 
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.

 
Chinese Online Broker Shares Drop After Criticism From Central Bank

Futu Holdings and Up Fintech fell after a senior official said cross-border online brokerages operating in mainland China were acting illegally.

 
Budweiser's New Growth Recipe Goes Down Easy

For the first time in a long time, a Budweiser looks more appealing than a Heineken.

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

October 28, 2021 11:00 ET (15:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.