PayPal Shares Fall After News of Pinterest Talks 

Shares slipped for a second day, a sign investors have doubts about the potential deal. The decline in PayPal's shares could make pulling off a transaction harder given that much of the consideration would be its own stock.

IPG Raises Organic Growth Expectations as Pandemic Impacts Improve 

Ad holding company Interpublic Group of Cos. saw organic growth of 15% in the third quarter.

WeWork Shares Rise on First Day of Trading, Two Years After Failed IPO 

The shared-office company, which combined with a SPAC, has closed locations, renegotiated leases and cut thousands of jobs to reduce expenses during Covid-19.

Wireless Carriers Are Winning 5G Customers for the Wrong Reason 

AT&T and Verizon's heavy promotions have lead to booming growth, but the value of next-gen networks to users remains unclear.

Plaid Pushes Into Payments Business After Scuttled Visa Deal 

The fintech startup is teaming up with Square, Stripe and dozens of others on a digital pay-by-bank offering.

Pfizer-BioNTech Booster 95.6% Effective in Trial, Companies Say 

The study was carried out while the highly contagious Delta variant was prevalent, the companies said, suggesting the booster helps protect against the contagious strain.

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 Footprint 

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.

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.


(END) Dow Jones Newswires

October 21, 2021 15:15 ET (19:15 GMT)

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