News Highlights: Top Company News of the Day
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
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
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
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
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 07:15 ET (11:15 GMT)
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