News Highlights: Top Company News of the Day
Carvana Faces Consumer Complaints, Government Scrutiny and Fines
Some buyers report months-long delays getting paperwork and
other problems; Carvana says it remains committed to
Trump Social-Media SPAC Poised for Second Day of Huge Gains
Shares of a blank-check company that is taking former President
Donald Trump's new social network public surged in premarket
trading after more than quadrupling on Thursday.
Pfizer-BioNTech Covid-19 Vaccine for Kids Was Safe and 90.7% Effective, Companies Say
U.S. health regulators are expected to weigh in soon on the
evidence for giving the Pfizer-BioNTech Covid-19 vaccine to
children 5 to 11 years old.
American Express Posts Earnings and Revenue Beats. The Stock Moves Higher.
The credit card giant earns $1.83 billion in the third quarter
vs. $1.07 billion a year earlier.
Honeywell Earnings Beat Expectations. It's a Shame About the Guidance.
The industrial giant's third-quarter profit was fine, but higher
costs forced the company to lower its full-year forecast.
BTS Drops Sony for Universal
South Korean boy band BTS has agreed to a distribution and
marketing deal with Universal Music Group for the U.S. and other
regions, parting ways with Sony Music's Columbia Records.
Evergrande Makes Overdue Payment, State Media Says
The unexpected payment to international bondholders allows the
struggling Chinese property giant to stave off what threatens to
spiral into the biggest corporate default in Asia.
Instacart Needs to Ring Up Grocers in Store
To compete against the likes of Amazon.com in grocery shopping,
Instacart must smartly serve retailers, both in store and out.
Intel Gets the Bad News Out Early
The chip maker's early warning of a gross margin hit allows it
to focus on revival, but questions remain.
Apple's Privacy Change Is Hitting Tech and E-Commerce Companies
Apps in which many users have opted out of being tracked are
getting less data on consumers' habits and interests and can't
target ads at users as effectively.
(END) Dow Jones Newswires
October 22, 2021 09:15 ET (13:15 GMT)
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