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 on-the-ground workers.

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 making.

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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