News Highlights: Top Company News of the Day
Deutsche Bank Reports Higher Third-Quarter Profits as Loan Charges Fall
Deutsche Bank said its third-quarter net profit rose as lower
bad-loan charges helped offset a fall in investment banking revenue
and additional costs for its overhaul.
Google Profit Nearly Doubles, Boosted by Red-Hot Ad Market
The search giant posted its highest quarterly revenue increase
in 14 years, as smaller businesses pour money into digital ads.
Microsoft Earnings, Sales Up Sharply
The company's Azure cloud-computing business has thrived on the
turn to remote work during the pandemic.
Twitter Posts Strong Ad Revenue Growth Despite Apple Privacy Updates
Twitter largely dodged turmoil in the digital advertising market
from new Apple app privacy policies and supply-chain disruptions as
it reported a 37% jump in third-quarter revenue.
Santander Profit Rises on Lower Provisions, Higher Revenue
Banco Santander said it is set to outperform its profitability
guidance after reporting higher earnings in the third quarter on
increased revenues and lower provisions.
Informatica Plans to Raise Nearly $1 Billion in IPO
The Silicon Valley company priced its initial public offering at
$29.00 a share, at the low end of its target range, giving the data
company a valuation of $10 billion, according to a source familiar
with the IPO.
Robinhood Revenue Falls on a Drop in Crypto Trading
Fees tied to stock and options trades ticked down slightly at
the popular app, while revenue tied to cryptocurrency trading
tumbled 78% to $51 million.
Evercore Names John Weinberg Sole CEO
Co-CEO Ralph Schlosstein will step down in February after 13
Former Ghosn Aide's Trial Finishes With a Declaration of Innocence
The defense for former Nissan executive Greg Kelly made its
final argument for their client's innocence, arguing that
prosecutors failed to prove key parts of the case involving former
chief Carlos Ghosn's compensation.
HKEX's Third-Quarter Net Profit Declines 2.9%
The Hong Kong exchange operator's revenue rose 10% to HK$5.11
billion, as trading and clearing fees increased amid a higher
average daily turnover
(END) Dow Jones Newswires
October 27, 2021 03:15 ET (07:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.