China Evergrande Calls Off Plans to Sell Key Unit for $2.6 Billion 

The move is a major setback in the real-estate giant's attempts to ease its liquidity crunch.

China's Modern Land Withdraws Debt Extension Request on Liquidity Woes 

Modern Land (China) Co. has withdrawn its plan seeking permission from its debtholders to allow the Chinese property developer to delay repaying a $250 million bond, citing liquidity issues.

IBM's Sales Hit by Slower Client Spending 

Total revenue for the September quarter rose to $17.62 billion, shy of analysts' expectations as the company said its cloud business and some clients' pause in spending weighed on its results.

PayPal's Vision Board Comes Into Focus With Pinterest 

Payments company's ambitions to play a bigger role in the shopping process could pay off.

Trump's Social-Media Company to Go Public via SPAC 

The former president says Trump Media & Technology Group will create Truth Social to combat large social-media platforms.

FDA Authorizes Covid-19 Vaccine Boosters From Moderna, J&J 

U.S. health regulators significantly widened the nation's Covid-19 booster campaign, clearing use of extra doses of Moderna and Johnson & Johnson vaccines and also saying people can get a shot that is different from what they had previously received.

Elliott Has Large Position in Canadian National 

Activist investor Elliott Management has a big stake in Canadian National Railway, adding to pressure on the railroad after its CEO resigned following a failed bid for rival Kansas City Southern.

Woodside Quarterly Sales Revenue Jumps Amid Energy Price Rally 

Woodside Petroleum reported a 19% jump in sales revenue in the third quarter from the preceding quarter, because of stronger prices for its liquefied natural gas amid an energy supply shortage.

South32 Quarterly Aluminum, Manganese Output Rises; Nickel Output Falls 

Australia-based mining company South32 said it produced more aluminum, manganese ore and steelmaking coal in its first fiscal quarter versus the quarter immediately prior, but less nickel, energy coal and alumina.

Crown Resorts' Main-Floor Gaming Revenue Declines 

Australian casino operator Crown Resorts said main-floor gaming revenue declined at the start of the 2022 fiscal year and that it is continuing to cooperate with regulators on a number of inquiries facing the company.


(END) Dow Jones Newswires

October 21, 2021 01:00 ET (05:00 GMT)

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