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 claims.

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 stocked.

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 strike.'

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 said.


(END) Dow Jones Newswires

October 19, 2021 13:15 ET (17:15 GMT)

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