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.

Volkswagen Backs Profit Target for 2021 After 3Q Hit by Chip Shortage 

Volkswagen confirmed its guidance for profitability for the year after third-quarter operating profit and revenue declined as the car maker was affected by the global semiconductor shortage.

Nokia Beats Forecasts, Component Shortages Cost Could Weigh on Margins 

Nokia posted a forecast-beating rise in third-quarter net profit and now expects full-year margins to land at the top of its guidance range. However, it cautioned that both the availability and "unprecendented" cost inflation of components could hurt margins next year.

AB InBev Raises Full-Year Forecast 

Anheuser-Busch InBev reported a rise in both revenue and third-quarter headline Ebitda, and raised its full-year guidance.

WPP Lifts Guidance as Revenue Grows in All Regions 

WPP said that its third-quarter revenue grew and raised its full-year guidance.

Sony Group's Second-Quarter Net Profit Fell as Game Business Slowed 

Sony Group's second-quarter net profit fell, as its game business slowed and due to a high base caused by a tax-related one-off gain booked a year earlier

Chinese Property Developer Kaisa Group Dives on Downgrades 

Shares of Kaisa Group Holdings slumped to their lowest intraday level on record after Fitch Ratings and S&P Global Ratings downgraded the Chinese property developer on refinancing risk.


(END) Dow Jones Newswires

October 28, 2021 03:15 ET (07:15 GMT)

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