News Highlights: Top Company News of the Day
Zillow Says It Can't Buy Any More Homes This Year
The real-estate company said it was experiencing backlogs
related to renovating the homes and that it faces constraints for
Amazon Seeks to Hire 150,000 Seasonal U.S. Workers
The push to increase workforce comes as U.S. labor market
remains tight ahead of holidays.
Macy's Online Spinoff: The Ultimate Window Display
An activist investor thinks spinning off Macy's e-commerce
business could unlock a lot of value. That could work temporarily;
sustaining it will take something extra.
Sinclair Broadcast Group Says It Was Hit by a Ransomware Attack
One of the largest owners of broadcast stations in the U.S. said
some of its servers are encrypted with ransomware.
Albertsons Expects Higher Inflation in Coming Months From Labor, Supply-Chain Costs
The supermarket chain is passing through some price increases to
shoppers but said it is also offering cheaper alternatives.
Foxconn Unveils First Electric-Vehicle Prototypes
The world's largest contract electronics manufacturer has been
moving deeper into the automotive industry as it seeks to diversify
its business beyond the Apple products that it is best known for
State Street Earnings Top Forecasts
State Street posted greater revenue and earnings year over year
in the latest quarter as fee-based and interest income both
Saks E-Commerce Unit Begins IPO Preparations
Saks is interviewing potential underwriters this week for an
initial public offering that could take place in the first half of
2022 and targets a valuation of around $6 billion.
Toyota, Stellantis to Build EV-Battery Factories in the U.S.
The auto makers are investing billions of dollars in U.S.
battery factories as part of a push to sell more electric
Goldman Sachs Cleared to Own All of China Unit
Chinese regulators approved Goldman's application to take full
ownership of a key local unit, another step in China's gradual
opening of its financial system to major players from the U.S. and
(END) Dow Jones Newswires
October 18, 2021 13:15 ET (17:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.