News Highlights: Top Company News of the Day
Facebook Is Rebuked by Oversight Board Over Transparency
The board said the company hadn't been forthcoming about how it
exempts high-profile users from its rules and that it is drafting
recommendations for how to overhaul the system, following a WSJ
Southwest Airlines to Cut Flights Amid Staffing Shortages
Southwest said a cascade of cancellations earlier this month
cost it $75 million, and it's planning to throttle back on flying
to prevent similar incidents.
AT&T Wireless's Gains Dwarf Shrinking Media Business
AT&T cut a slimmer profile in the third quarter with the
first of a series of entertainment divestitures out the door, even
as its core wireless business continued to grow.
WeWork Set to Begin Trading, Two Years After Failed IPO
The shared-office company is set to trade publicly, capping a
journey to a listing that included the implosion of its initial
public offering in 2019.
Unilever Held Back by Lingering Covid-19 Restrictions in Asia
The Dove soap maker said pandemic-related restrictions in
several key markets were still keeping a lid on sales growth even
as business begins to return to normal in the U.S. and Europe.
Blackstone's Profit Nearly Doubles
Blackstone's net income nearly doubled in the third quarter,
driven by strong investment performance for its largest strategies
and continued expansion into fast-growing new business lines.
Crypto Exchange FTX Reaches $25 Billion Valuation
Investors in new funding round include Ontario Teachers Pension
Plan and funds managed by BlackRock.
Even Hermès Shoppers Can't Escape the Supply-Chain Crunch
The company's already scarce Kelly and Birkin handbags are
becoming even harder to find. Skyrocketing prices in the resale
market show the luxury brand's true health.
Consumer Agency to Probe Tech Giants Including Apple, Facebook
Consumer Financial Protection Bureau is expected to seek
information on how those firms and others use consumers' financial
Chip Shortage Expected to Weigh on Intel's Quarterly Results
Earnings are forecast to come in flat as shortages eat into
potential sales and as CEO Pat Gelsinger ramps up investments in
(END) Dow Jones Newswires
October 21, 2021 09:15 ET (13:15 GMT)
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