Facebook to Rebrand Company as Meta in Focus on Metaverse

The social-media service will retain the Facebook name even as the umbrella company readies billions of dollars in investments in its new mixed-reality platform.

 
Ford's Dividend Is Back, Stoking Optimism on Wall Street

The automaker had previously suspended the quarterly payout in March 2020 to conserve cash.

 
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.

 
Tesla Has Won Over Investors but Not Ratings Firms

Stock-market investors' confidence in the electric-car company is in stark contrast to the junk ratings on its debt.

 
Prologis CEO Sees Supply-Chain Strains Extending to 2023

The head of the warehousing giant says it may take years for the supply side to catch up to demand.

 
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.

 
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.

 
Comcast's Profit Doubles,

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

 
Activision Chief Reduces Pay, Pledges Changes Amid Culture Probes

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

(END) Dow Jones Newswires

October 28, 2021 15:00 ET (19:00 GMT)

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