News Highlights: Top Company News of the Day
GM Profit Sinks as Chip Shortage Takes Toll
The Detroit auto maker, reporting record pricing and a lucrative
mix of higher-profit SUVs and trucks, said its full-year profit
would finish at the high end of its prior estimate.
Boeing Reports Loss, Hit by Dreamliner and Starliner Setbacks
The plane maker had a net loss of $132 million, as 787
Dreamliner production problems and its latest space-launch setback
offset a recovery in demand for new aircraft.
GlaxoSmithKline Earnings Beat Expectations. The CEO Says Her Plan Is Working.
Amid an assault from activist investors, GlaxoSmithKline CEO
Emma Walmsley said the company's third-quarter financial results
show that her strategy is on the right track.
Telecom Mogul's Family Feud Creates Boardroom Chaos for Canadian Telecom
The split over control of Rogers Communications has exposed
family grievances, confused employees and investors, and
complicated a pending $16 billion takeover.
Kraft Heinz Raises Full-Year Outlook as It Tackles Inflation
The food maker posted net income attributable to shareholders of
$733 million, compared with $597 million a year earlier.
Hertz Links Up With Uber to Offer 50,000 Tesla Rentals
The deal comes days after Hertz, which collapsed into bankruptcy
at the start of the pandemic last year, said it is making a
significant investment in an electric-vehicle rental fleet.
McDonald's Sales Rise as U.S. Menu Prices Climb
The burger giant said that bigger order sizes and higher prices
increased its revenue in the U.S., while loosening Covid-19
restrictions overseas helped to boost its international
Coca-Cola Stock Rises as Beverage Giant Boosts Profit Outlook
Coca-Cola says it expects adjusted profit growth of 15% to 17%
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.
(END) Dow Jones Newswires
October 27, 2021 11:15 ET (15:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.