News Highlights: Top Company News of the Day
Deutsche Bank Posts Higher Profit as Loan Charges Fall
The German lender's businesses did better than expected in the
third quarter but higher costs and a continued slowdown in its
investment-banking arm weighed on results.
Spotify Ad Business Boosted by Podcasts
Spotify's big podcast bet appears to be paying off, with
third-quarter advertising revenue up 75% from a year earlier and
user growth picking up after a lull earlier this year.
Facebook Faces FTC Probe Over Its Internal Research
Federal Trade Commission staffers have begun looking into
disclosures that Facebook's internal company research had
identified ill effects from its products, according to people
familiar with the matter.
Ping An Insurance Nine-Month Net Profit Fell
Ping An Insurance said net profit for the first nine months of
the year fell due to impairments made on investments related to
China Fortune Land Development.
Cigarette Sales in U.S. Climbed Slightly in 2020, FTC Says
A new report confirms people lit up more during the pandemic,
the first time sales rose in 20 years.
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
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.
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.
Saks E-Commerce Business Pairs Robots With Workers
Saks Fifth Avenue said it has started shipping online orders
from a high-tech Pennsylvania warehouse, deploying dozens of
autonomous robots programmed to help workers find Giambattista
Valli gowns and Christian Louboutin pumps.
(END) Dow Jones Newswires
October 27, 2021 07:15 ET (11:15 GMT)
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