News Highlights: Top Company News of the Day
Samsung Posts Record Quarterly Revenue From Chip Boom
The chip maker's third-quarter performance slightly exceeded
analyst estimates and highlights the strength of demand for digital
products and services.
Why Apple's Privacy Changes Hurt Facebook but Benefited Google
New iPhone privacy standards rocked digital advertising, raising
some boats and lowering others.
Profit Falls at GM and Ford as Chip Shortage Takes Toll
Executives from the Detroit auto makers said supply-chain
disruptions should slowly improve in the fourth quarter and
throughout next year.
Hertz Links Up With Uber to Offer 50,000 Tesla Rentals
The deal comes days after Hertz, which has emerged from
pandemic-induced bankruptcy, said it was making a significant
investment in an electric-vehicle rental fleet.
Mimecast Explores Options Including a Possible Sale
The cybersecurity-software company has a market value of about
Carhartt Puts the Country's Worker Shortage at the Center of an Ad Campaign
The workwear company, whose apparel made a cameo at the Golden
Globes earlier this year, makes a 'call to work' as employers
struggle to recruit skilled labor.
ANZ's Full-Year Net Profit Beats Estimates
Australia and New Zealand Banking Group said full-year net
profit jumped 72%, helped by its Australian retail and commercial
business despite sluggish loan-processing times.
Microsoft's New Normal Will Need to Stick
A strong streak of growth and operating profit gains hasn't been
seen in nearly two decades, but the stock's valuation sets a new
Justice Department Investigates Visa's Fintech Relationships
Antitrust investigators are scrutinizing financial incentives
Visa gave to Square, Stripe and PayPal.
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 21:15 ET (01:15 GMT)
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