News Highlights: Top Company News of the Day
Barclays Profit Rises on Investment Banking
The London-based lender said its net profit rose in the third
quarter, driven by a continued strong performance at its investment
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Modern Land (China) Co. has withdrawn its plan seeking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
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
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
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
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.
(END) Dow Jones Newswires
October 21, 2021 03:15 ET (07:15 GMT)
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