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 investigation.

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 information.

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 plants.


(END) Dow Jones Newswires

October 21, 2021 09:15 ET (13:15 GMT)

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