News Highlights: Top Company News of the Day
Tesla Has Won Over Investors but Not Ratings Firms
Stock-market investors' confidence in the electric-car company
is in stark contrast to the junk ratings on its debt.
Prologis CEO Sees Supply-Chain Strains Extending to 2023
The head of the warehousing giant says it may take years for the
supply side to catch up to demand.
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.
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.
Comcast's Profit Doubles,
Strong revenue growth during the third quarter at the
NBCUniversal unit came as the company's broadband business
Activision Chief Reduces Pay, Pledges Changes Amid Culture Probes
The chief executive of the videogame publisher told employees he
would take a pay cut and end mandatory arbitration for internal
harassment and discrimination claims.
Budweiser's New Growth Recipe Goes Down Easy
For the first time in a long time, a Budweiser looks more
appealing than a Heineken.
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
(END) Dow Jones Newswires
October 28, 2021 13:15 ET (17:15 GMT)
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