News Highlights: Top Company News of the Day
UPS Boosts Operating Margin Target for 2021. The Stock Trades Higher.
UPS posts a 22.6% increase in third-quarter operating profit to
$2.9 billion and revenue of $23.2 billion, ahead of analysts'
Eli Lilly Misses Profit Estimates but Boosts Guidance. The Stock Is Rising.
Drug giant Eli Lilly boosts its full-year earnings and sales
Mucinex Owner Sees Surge in Demand as Colds, Flu Return
Reckitt Benckiser said demand for its cold and the flu products
was picking up as social distancing eases, helping it report
stronger quarterly sales and raise its guidance for the year.
Google Poised to Ride Hot Ad Market to a Record Quarter
The search giant's revenue growth is projected to be its highest
in 14 years.
FDA Panel to Review Pfizer's Covid Shot in Young Children
Experts advising the Food and Drug Administration are scheduled
to meet to consider endorsing the Covid-19 vaccine from Pfizer and
BioNTech for use in young children.
Novartis Weighs Sale or Spinoff of Generic Drug Unit Sandoz
The unit has proven a drag on Novartis's growth, its separation
would be the final step toward the Swiss drug giant focusing solely
on innovative drugs.
UBS Earnings Driven Higher by Fees From Wealthy Clients
UBS Group said fees from wealthy clients soared in the third
quarter and its investment bank also reaped more revenue.
Reckitt Benckiser Lifts Full-Year Guidance
Reckitt Benckiser said that its third-quarter revenue rose on a
like-for-like basis but slipped on a reported basis, and raised its
full-year revenue guidance.
Casino Operator Crown Resorts Engaged in Illegal Behavior, Report Finds
A report commissioned by the government in Australia's Victoria
state stopped short of recommending that Crown be immediately
stripped of its casino license, but said a special manager should
be appointed to oversee operations.
3-D Printed Houses Are Sprouting Near Austin
Lennar is teaming with a Texas startup to create a community of
100 3-D printed homes near Austin, gearing up for what would be by
far the biggest development of this type of housing in the U.S.
(END) Dow Jones Newswires
October 26, 2021 07:15 ET (11:15 GMT)
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