News Highlights: Top Company News of the Day
Ericsson Profit Lifted by 5G Demand
Ericsson posted an above-forecast net profit in the third
quarter, as strong sales of 5G equipment helped offset a hefty
sales decline in China.
Danone Sales Ahead of Expectations
Danone said sales rose to EUR6.2 billion in the third quarter,
with strong growth across all regions and reiterated its guidance
for the full year.
App Deal Highlights a Push to Lure Workers Back Into Offices
Real-estate data firm VTS has agreed to buy Toronto-based Lane
Technologies, an office-app developer.
BHP Iron Ore, Copper Output Falls
BHP Group produced less iron ore, copper and steelmaking coal in
its first fiscal quarter mostly because of planned maintenance work
at its operations.
Chip-Designer Arm Sees Chip Shortage Lasting Through Next Year
CEO Simon Segars voices optimism that the deal to be acquired by
Nvidia will go through.
Cathay Pacific's September Passenger Business Stayed Weak
Cathay Pacific Airways Ltd.'s passenger business in September
remained weak. While the passenger numbers was nearly triple its
year-ago figure, it was still down 95% from September 2019.
Springer Replaces Bild Editor
The dismissal comes days before the German publisher is due to
complete its acquisition of Politico.
German Fintech N26 Again Draws Regulatory Scrutiny
The startup bank, newly valued at $9 billion, must temporarily
limit new customer sign-ups while it improves its internal
J&J Used Lenient Bankruptcy Rules to Push Talc Liabilities to Charlotte
Johnson & Johnson used the lenient venue-selection rules of
U.S. bankruptcy law to push tens of thousands of talc-related
cancer claims to its bankruptcy court of choice, roughly 600 miles
south of the company's New Jersey headquarters.
Microsoft Xbox Chief Sees Game-Buying Spree Continuing
Phil Spencer, Microsoft's executive vice president of gaming,
said the company is taking a long-term approach to adding teams to
its gaming portfolio.
(END) Dow Jones Newswires
October 19, 2021 07:15 ET (11:15 GMT)
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