News Highlights: Top Company News of the Day
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker's pricing highlights investors'
unwillingness to lend traditional car makers the valuations enjoyed
by younger electric-vehicle companies.
The social-media company's ad sales are on track for a record,
even as global supply-chain shortages crimp ad spending.
HSBC to 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
China Evergrande Says Work on Some Residential Projects Has Resumed
The highly indebted developer said construction was progressing
at some of its projects in southern China, as it tries to stave off
collapse and deliver homes it has promised to more than a million
Mark Cuban-Owned Company Launches Pharmacy-Benefit Manager
An employer group also is starting a company to manage
prescription-drug benefits as frustration mounts with the big PBMs
hired to control drug spending
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 said it isn't currently
pursuing a deal for social-media platform Pinterest, 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.
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.
(END) Dow Jones Newswires
October 25, 2021 09:15 ET (13:15 GMT)
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