News Highlights: Top Company News of the Day
October 08 2021 - 11:15AM
Dow Jones News
Allstate Wants to Track Your Driving to Set Rates
The car insurer has been talking to state regulators about
helping to lead an industrywide effort to transition from sizing up
risk in applicants with factors including credit scores to largely
using telematics to determine rates.
NFL Ratings Are Up 17%, Boosted by Fans in Stands and Close Games
Games have drawn an average of 17.3 million viewers through the
first four weeks of this season, its highest level in six
years.
Delivery Giant Meituan Fined in Beijing's Tech Crackdown
China's top antitrust body said Meituan violated antimonopoly
laws by effectively forcing merchants to sell exclusively on its
platform.
After Dollar-Bond Default, Chinese Developer Fantasia Says It Will Fix Finances
Prices of Fantasia's yuan-denominated bonds plummeted when they
resumed trading on the Shanghai Stock Exchange.
Facebook's Would-Be Regulators Are Between a Rock and a Hard Place
Lawmakers seem committed to change at Facebook, but far from
deciding on the right way to do it.
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
Leaked data from the streaming platform Twitch revealed that
people can make six-figure monthly incomes from others watching
them play videogames, but some streamers say the figures are
incomplete.
How Evergrande Grew and Grew, Despite Years of Red Flags
The Chinese property company's path to the brink of default was
littered with financial red flags. But a combination of financial
regulators, local Chinese governments, yield-hungry investors and
insiders kept the critics at bay.
(END) Dow Jones Newswires
October 08, 2021 11:00 ET (15:00 GMT)
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