News Highlights: Top Company News of the Day
Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith
The deal under discussion is expected to be valued at more than
$2.5 billion and would vastly expand IAC's stable of online
publications, according to people familiar with the matter.
Nike's Revenue Pinched by Supply-Chain Disruptions
The sneaker giant reported a 16% rise in quarterly revenue but
said production problems in Asia and trans-Pacific shipping delays
are constraining sales.
Costco Sales Rose 17% in Latest Quarter
Retailer's profit totaled $1.67 billion as consumer spending
increased in the U.S.
CDC Panel Recommends Pfizer Covid-19 Boosters for Seniors, Certain Adults With Underlying Medical Conditions
The recommendations were largely in line with the Food and Drug
Administration's authorization but diverged on giving the extra
shot to people whose use was FDA-authorized: adults who work or
live in places that put them at high risk of getting infected or
transmitting to others.
Fintech Lender Affirm Leans on Investors to Fund Rapid Growth
Fintech lender Affirm Holdings is relying more on financing from
investors instead of lenders to fund its growth as its "buy now,
pay later" installment plans are becoming more popular.
Former OppenheimerFunds Analyst Charged With Insider Trading
Sergei Polevikov is accused of using his wife's personal
brokerage account to buy or sell stock in advance of large pending
purchases or sales by his employer, OppenheimerFunds, and allegedly
netting $8.5 million in profit.
Madewell, ThredUP Test Secondhand Store in Brooklyn
The pop-up store from Madewell and thredUP sells secondhand
clothing priced from $10 to $40 and aims to educate customers about
Disney Isn't Investigating Handling of Misconduct Claims, After ABC News Boss Urged Inquiry
ABC News President Kim Godwin had called for an external probe
of the matter last month, but a top staffer said Disney executive
Peter Rice won't pursue one.
Olive Garden Parent Cautious on Raising Pasta Prices
The Olive Garden parent sees inflation of about 4% as commodity
and labor costs climb.
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.
(END) Dow Jones Newswires
September 23, 2021 21:15 ET (01:15 GMT)
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