Facebook Expected to Post Slower Sales Growth With Apple Privacy Policy 

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 last year.

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 multibillion-dollar deal.

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 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.


(END) Dow Jones Newswires

October 25, 2021 07:15 ET (11:15 GMT)

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