News Highlights: Top Company News of the Day
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
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
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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