News Highlights: Top Company News of the Day
Dell Plans Buybacks, Provides Post-Spinoff Outlook
The company estimated revenue will increase at an annual rate of
3% to 4% through the fiscal year ending in January 2026.
Salesforce Boosts Sales Outlook
The business software provider has benefited from companies'
growing reliance on cloud-based tools during the pandemic, with the
spread of the Delta variant of Covid-19 prolonging that trend.
Darden Restaurants Beats Earnings Expectations
Olive Garden parent Darden Restaurants reported fiscal
first-quarter earnings that beat expectations and announced a $750
million share buyback program.
British Airways Scraps Plan for New Short-Haul Venture
The airline abandoned a plan to create a new short-haul
subsidiary after failing to win support from its pilots for the
venture, which it had hoped would offer a way to offset
pandemic-induced declines in long-haul traffic.
TPG Appoints New President, Makes Other Management Changes
The private-equity firm is moving a group of longtime partners
into leadership roles as it prepares to launch an initial public
offering of its shares.
New Platform Backed by Fidelity, Goldman Seeks to Bring IPO Market Into Digital World
Capital Markets Gateway looks to transform a business long
accustomed to phone calls and pieces of paper.
Microsoft Keeps Surface in Its Place
Microsoft's new devices come as a reporting change makes clear
that hardware is but a small piece of the software giant's growing
Big Pharma Isn't Done Rolling Out Covid Treatments
Oral antiviral treatments for Covid-19 could give a public
health boost and generate blockbuster sales for the drug
Foreign Businesses Say They Feel Effects From China's Turn Inward
U.S. and European companies operating in the country are
grappling with closed borders, increasingly nationalistic consumers
and growing favoritism toward domestic companies, two business
Boeing Projects China Would Need 8,700 New Airplanes by 2040
Boeing Co. has raised its 20-year forecast for the Chinese
airline market, projecting that the country would need 8,700 new
airplanes valued at $1.47 trillion by 2040, to meet rising
(END) Dow Jones Newswires
September 23, 2021 13:15 ET (17:15 GMT)
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