News Highlights: Top Company News of the Day
Charter Appoints New CFO, Fills Other Top Roles in Management Shuffle
The cable giant promoted finance executive Jessica Fischer to
CFO as part of a string of management changes.
GE, Union Pacific Mandate Covid-19 Vaccine for U.S. Workers
More large U.S. companies are imposing requirements to meet a
Biden administration deadline of Dec. 8 for federal
Instacart Expects More Growth in Grocery Delivery
While the boom that pandemic lockdowns drove for food-delivery
companies has slowed recently, Instacart CEO Fidji Simo says the
public-health crisis 'has changed consumer habits forever.'
Facebook Settles With U.S. Government Over Improperly Reserving Jobs for Immigrants
The social-media company faces more than $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.
(END) Dow Jones Newswires
October 19, 2021 15:00 ET (19:00 GMT)
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