Tesla to Move Headquarters From California to Texas, Elon Musk Says 
 

The electric-vehicle maker is moving its headquarters to Austin, Texas, cementing Chief Executive Elon Musk's commitment to the Lone Star State and adding to a handful of Silicon Valley companies that have relocated there.

 
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.

 
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 leak announced on 4chan by a user who claimed to have posted it there to hurt the Amazon.com unit's business.

 
Chubb to Acquire Cigna Businesses in Asia, Turkey for $5.75 Billion 
 

Chubb has agreed to buy some of Cigna's Asia-Pacific insurance operations as part of its strategy to expand in the region.

 
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.

 
CalPlant Bondholders at Odds as Fiberboard Maker Enters Bankruptcy 
 

CalPlant won interim court approval for a financing deal, as junior and senior bondholders previewed possible conflicts between them over restructuring terms.

 
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.

(END) Dow Jones Newswires

October 08, 2021 05:15 ET (09:15 GMT)