News Highlights: Top Company News of the Day
Shopping Online Is Getting More Expensive
FedEx will raise shipping rates at the fastest pace in nearly a
decade, adding to pressure on retailers to pass costs to
J&J Says Covid-19 Vaccine Booster Two Months After First Shot Increases Protection
Johnson & Johnson said a booster dose of its Covid-19
vaccine administered two months after the first shot increased
protection against symptomatic illness in trial participants.
Uber Says It Will Post Its First Adjusted Profit
The ride-hailing giant is set to reach the milestone months
earlier than it had projected, after Lyft reached it in the second
Developer China Evergrande's 'Darkest Moment' Will Pass, Boss Tells Staff
The boss of beleaguered China Evergrande said he expects the
developer to emerge soon from what he called its "darkest moment"
and pledged to deliver the homes it has promised to buyers and
Credit Suisse's Archegos Disaster Exposes Cracks in Bank Regulation
When Archegos blew up, it saddled Credit Suisse with $5.5
billion in losses. One reason investors and regulators were
blindsided: a gap in the regulatory oversight of big international
Apple Is Working on iPhone Features to Detect Depression, Cognitive Decline
Apple is working on technology to help diagnose depression and
cognitive decline, aiming for tools that could expand the scope of
its burgeoning health portfolio.
Universal Music Shares Soar in Market Debut
Shares of the company behind stars including Taylor Swift, Drake
and the Beatles rose 38%, a strong vote of confidence from
investors in continued growth in the music industry.
Fortune Appoints Insider's Alyson Shontell as Top Editor
The digital-media veteran plans to focus on increasing the
business magazine's online readership and subscriptions.
Flying Taxis' Best Ride Is to the Helicopter Market
Helicopter operator Bristow has just preordered up to 50
vehicles from British startup Vertical Aerospace.
Honeywell at Odds With Asbestos Trust Over Bankruptcy Deal
Honeywell International is locked in a standoff over asbestos
payments with a bankruptcy trust that has accused the industrial
conglomerate of "bullying and extortionate tactics" to settle
injury liabilities for less than full value.
(END) Dow Jones Newswires
September 21, 2021 07:15 ET (11:15 GMT)
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