Micron Plans $150 Billion in Capital, R&D Spending 

Chief Executive Sanjay Mehrotra says the Boise, Idaho-based memory-chip maker is seeking clarity on U.S. financial incentives.

Tesla Poised for Record Quarterly Earnings on Supply-Chain Resilience 

Elon Musk's electric-vehicle maker is expected to notch a third consecutive quarterly profit, thanks in part to its ability to navigate persistent global supply-chain disruptions.

Nestlé Sales Buoyed by Coffee, Pet Food 

The Swiss company's upbeat quarter provides an early sign that consumer habits acquired during the pandemic, such as drinking more and better quality coffee at home, could continue to benefit it, despite the ongoing challenges of rising input costs and supply-chain snags.

SoftBank-Backed Flock Freight Raises $215 Million 

The startup uses AI to pool goods from shippers with less-than-truckload carriers and skip freight hubs. The new funding round values the company at $1.3 billion.

Credit Suisse Spied on Seven Executives, Broke Swiss Rules, Regulator Says 

Switzerland's top financial cop says bank's senior management knew about some of the surveillance; firm had blamed rogue employees.

Bank of New York Mellon's Profit Rises on New Business, Asset Growth 

The custody bank's results joined rival State Street in beating Wall Street's expectations.

Boeing's First Astronaut Flight on Starliner Faces Further Delay 

The aerospace giant said its space vehicle might not carry astronauts until the end of next year, potentially putting it a year behind a previous date to deliver people to orbit.

Credit Suisse to Pay Fine, Admits Defrauding Investors to Settle Mozambique Charges 

The company agreed to pay $475 million and forgive $200 million Mozambique owes to investors in coordinated settlements with U.S. and European authorities over loans the bank made in the country.

Snap CEO Evan Spiegel Says Regulation Alone Won't Fix Social Media 

Business practices need to support users' well-being, the chief executive says at WSJ Tech Live conference.

Netflix Co-CEO Says He 'Screwed Up' When Defending Chappelle Special 

"I should have recognized the fact that a group of our employees was really hurting," Ted Sarandos said in an interview.


(END) Dow Jones Newswires

October 20, 2021 07:00 ET (11:00 GMT)

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