News Highlights: Top Company News of the Day
October 07 2021 - 9:30PM
Dow Jones News
Samsung Expects 28% Rise in Operating Profit
Forecast is the latest reminder of how the world-wide
semiconductor shortage has turned out to be a financial boon for
chip makers.
Tesla to Move Headquarters to Austin, Musk Says
The electric-vehicle maker is adding to a handful of prominent
Silicon Valley companies that have relocated to the Lone Star
State.
Google to Block Ads Next to Content Denying Climate Change
The move by the world's largest digital-ad company comes after
recent restrictions on ads next to vaccine misinformation.
Twitch Data Leak Shows Some Make Hundreds of Thousands a Month
Twitch broadcasters' earnings and other company information were
made public Wednesday on the chat forum 4chan by a user who claimed
to have posted it there to hurt the Amazon.com unit's business.
NatWest Pleads Guilty to Anti-Money-Laundering Charges
NatWest Group pleaded guilty in the U.K. to charges that it
violated regulations requiring financial institutions to maintain
adequate anti-money-laundering systems and controls.
Bankruptcy Trustee Says Yucaipa Moved Cash Out of Reach
A bankruptcy trustee alleged that Ron Burkle's Yucaipa
distributed money to private-equity investors to avoid paying
liabilities tied to former portfolio company Allied Systems
Holdings
Condé Nast Owner to Buy Newsletter Publisher SportTechie Out of Bankruptcy
A subsidiary of the Newhouse family's Advance Publications has
offered to acquire the publisher of newsletters covering the
intersection of technology and the sports industry.
BlackRock Gives Big Investors Ability to Vote on Shareholder Proposals
The moves stand to transfer votes for as much as $1.5 trillion
in index assets from BlackRock to investors such as pensions and
endowments.
Conagra, PepsiCo and Other Food Makers Grapple With Higher Costs
Supply-chain problems and labor challenges have become "a daily
grind" at major U.S. food companies, pressuring profits and pushing
up grocery prices.
Pfizer Asks FDA to Authorize Covid-19 Vaccine in Young Children
The FDA may clear the shot for use among children 5 to 11 years
old before November, which would mean pediatrician offices, schools
and other locations could get doses to give as early as
Halloween.
(END) Dow Jones Newswires
October 07, 2021 21:15 ET (01:15 GMT)
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