HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps 

The London-based bank, which makes most of its profit in Hong Kong and mainland China, earned $3.54 billion in the three months to the end of September, up from $1.36 billion in the same period last year.

Tesla Supplier Shows Off More Powerful Battery 

The head of Panasonic's battery unit said the new cell has five times the capacity of smaller previous models.

Volvo Cars Prices IPO at Bottom of Range 

Volvo Cars has priced its IPO at SEK53 a share, with gross proceeds of SEK20 billion likely from the flotation, less than previously expected.

Talks Collapse Over Sale of Italian Bank Monte dei Paschi 

Italy's government and bank UniCredit had been negotiating over the sale of the nationalized lender. The end of the talks leaves little time to find a solution.

Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazilian Mines 

The deal is a bet on continued demand for metals used in the production of electric-car batteries.

Facebook's Internal Chat Boards Show Politics Often at Center of Decision Making 

In hot debates, employees and management spar over allegations content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback. Other internal documents show management expresses wariness of appearing biased. In response, Facebook says it enforces its rules equally and doesn't consider politics in its decisions.

Origin to Sell 10% APLNG Stake to EIG 

Origin Energy Ltd. said it has agreed to sell a 10% stake in the Australia Pacific LNG facility in Queensland state to U.S.-based energy investor EIG for A$2.12 billion.

Gender-Neutral Toys Gain Ground 

New efforts are under way to eliminate gender bias from toys, a longstanding issue for some companies, parents and advocates.

Andreessen Horowitz to Raise Roughly $6.5 Billion for New Venture Funds 

The venture-capital firm plans to use the capital to fuel its aggressive deal-making pace, according to people familiar with the situation.

Australia Backs $1.6 Billion Buy of Pacific Mobile Networks 

The Australian government is financing the purchase of mobile networks in six Pacific countries, a move that foreign-policy experts say is designed to block a military rival from buying the strategically important assets.


(END) Dow Jones Newswires

October 25, 2021 03:15 ET (07:15 GMT)

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