News Highlights: Top Company News of the Day
Google CEO Sundar Pichai Calls for Government Action on Cybersecurity, Innovation
Sundar Pichai said the U.S. government should take a more active
role in policing cyberattacks and encouraging innovation with
policies and investments.
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
State Street Profit Increases 29% on More Assets, Market Gains
Assets under management climbed to $3.86 trillion, driven by
higher market prices and the flow of client money into ETFs.
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.
IT Budgets Rising at Faster Rate as CIOs Look to Support More Adaptable Business Models
Cybersecurity, analytics and cloud platforms top chief
information officers' investment agenda, Gartner survey finds.
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 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
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.
(END) Dow Jones Newswires
October 18, 2021 15:15 ET (19:15 GMT)
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