News Highlights: Top Company News of the Day
The social-media company's ad sales are on track for a record,
even as global supply-chain shortages crimp ad spending.
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
Youth-Focused Digital Platform FaZe Clan Nears $1 Billion SPAC Deal
Backed by the singer Pitbull and other entertainment and sports
celebrities, FaZe Clan targets Gen Z and millennial consumers.
PayPal Says Not Pursuing Acquisition of Pinterest
U.S. payments giant PayPal Holdings Inc. said it isn't currently
pursuing a deal for social-media platform Pinterest Inc., days
after media reports that the companies were in early talks for a
Tesla Supplier Shows Off More Powerful Battery
The new cell has five times the capacity of smaller previous
models, the head of Panasonic's battery unit said.
Francisco Partners Targets $2 Billion for New Fund Focused on Smaller Tech Deals
Private-equity firm Francisco Partners is targeting $2 billion
for its third Agility fund, which will focus on smaller deals than
the technology-focused firm's main vehicles, according to people
familiar with the matter.
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
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.
(END) Dow Jones Newswires
October 25, 2021 07:15 ET (11:15 GMT)
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