News Highlights: Top Company News of the Day
Caterpillar's Profit Doubles on Construction Project Strength
The maker of mining trucks and construction bulldozers flagged
higher manufacturing costs, especially increased shipping rates,
and said it was continuing to face supply-chain challenges.
Hertz Posts Quarterly Profit on Travel Rebound
Revenue climbed as leisure travel staged a comeback, and the
rental-car company sees strong bookings for the holiday season.
Comcast's Profit Doubles,
Strong revenue growth during the third quarter at the
NBCUniversal unit came as the company's broadband business
Activision Blizzard Chief Reduces Pay, Pledges Changes Amid Probes Into Company Culture
The chief executive of the videogame empire told employees he
will take a pay cut and end mandatory arbitration for internal
harassment and discrimination claims.
Chinese Online Broker Shares Drop After Criticism From Central Bank
Futu Holdings and Up Fintech fell after a senior official said
cross-border online brokerages operating in mainland China were
Budweiser's New Growth Recipe Goes Down Easy
For the first time in a long time, a Budweiser looks more
appealing than a Heineken.
Carlyle Earnings Jump as Private-Equity Portfolio Rises
The Washington, D.C., firm reported net income of $532.8 million
in the third quarter, and the amount of cash that could be returned
to shareholders reached record levels.
Volkswagen Faces an Even Bumpier Road to EVs Than Detroit
Third-quarter losses from the namesake VW brand are a reminder
that the highly political German company will be harder to reshape
for a new technological era than its U.S. peers.
Shell Argues Against Activist Investor's Call to Split
The chief executive of Shell defended the energy giant's
business model, a day after activist investor Third Point called
for the breakup of the company to improve its environmental and
Can't Buy a PS5? Buy Sony Stock Instead
Sony's share price has gained 25% this year to reach its highest
level since the dot-com boom. But the company has a more solid base
this time with its broad entertainment offerings from games to
(END) Dow Jones Newswires
October 28, 2021 11:15 ET (15:15 GMT)
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