News Highlights: Top Company News of the Day
Facebook Settles With U.S. Government Over Improperly Reserving Jobs for Immigrants
The social-media giant faces over $14 million in penalties in
settlement with Justice Department.
Comcast Launches Smart TV for U.S. Market in Bid to Take On Roku, Amazon
China's Hisense will manufacture the XClass TV, which will be
sold at Walmart.
Atea's Covid-19 Oral Treatment Fails in Midstage Trial
The experimental treatment didn't cut the viral load in
nonhospitalized patients with mild to moderate symptoms, sending
the company's stock tumbling.
Travelers Profit Falls 20% on Hurricane Ida, Auto Claims
The property-casualty insurer reported a quarterly income of
$662 million, weighed down by storm damage and car-wreck related
Johnson & Johnson's Sales Climb Across Divisions
The company's revenue rose 11% year over year in the third
quarter to $23.34 billion as the healthcare sector continued to
recover from its pandemic disruption.
Procter & Gamble Uses Size to Lessen Impact of Supply-Chain Mess
P&G, Ikea and Albertsons are among the large companies
tapping alternative sources of inventory to keep shelves
Apollo Targets $1 Trillion in Assets, Aiming to Outpace Blackstone
The investment giant expects its assets under management to
double by 2026, with the acquisition of its insurance affiliate
Athene powering much of the projected growth.
Philip Morris Beats Profit Estimates but Warns Chip Shortage Impacting IQOS Growth
The global chip shortage is impacting Philip Morris' ability to
meet demand for IQOS heated-tobacco devices.
Deere and Striking Workers Resume Contract Talks
Deere, the agricultural equipment giant, says it's 'fully
committed to the collective bargaining process and resolving the
Kushner Cos. Goes Outside the Family to Replace Jared as CEO
Laurent Morali, president of Kushner Cos., will take over as
chief executive effective immediately, the real-estate company
(END) Dow Jones Newswires
October 19, 2021 13:15 ET (17:15 GMT)
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