Microsoft Folds LinkedIn Social-Media Service in China 
 

LinkedIn said it would replace its Chinese service, which restricts some content to comply with local government demands, with a job-board service lacking social-media features.

 
John Deere Workers Go on Strike After Voting Down Tentative Deal 
 

The deal would have given workers pay raises and lump-sum bonuses over six years.

 
Toyota Is Accused of Using Stolen Motor Technology in Rare Lawsuit 
 

A longtime Toyota supplier, Nippon Steel, alleges the car maker and a Chinese supplier, Baoshan Iron & Steel, infringed on its patent on material used in steel sheets that make up Toyota engines.

 
Citigroup Profit Jumps 48% After Releasing Rainy-Day Funds 
 

The bank, which reported a third-quarter profit of $4.64 billion, freed up $1.16 billion it had set aside for bad loans early in the pandemic. The quarterly result beat analyst expectations.

 
Boeing Runs Into Trouble With New Dreamliner Defect 
 

The problem involves certain titanium parts that are weaker than they should be on 787s built over the past three years, the latest production slip-up to delay aircraft deliveries and draw increased U.S. government scrutiny.

 
IKEA Struggles to Stock Shelves Amid Supply-Chain Woes 
 

The world's largest furniture seller said a significant share of its products are missing from store shelves around the world, with many of its flatpacks and houseware items sitting idle at warehouses waiting for trucks.

 
Domino's Same-Store Sales Decline Breaks Growth Streak 
 

That break in the pizza maker's sales trend helped bring the company's third-quarter revenue below analysts' expectations.

 
Walgreens to Invest $5.2 Billion in VillageMD 
 

The pharmacy chain will take a controlling stake in the primary-care network as it seeks to remodel itself as a healthcare provider.

 
Morgan Stanley Profit Rises, Powered by Deal Making, Trading 
 

The New York bank said third-quarter profit rose 36%.

 
Bank of America Profit Rises on Higher Interest Income 
 

The second-largest U.S. bank earned $7.69 billion in the third quarter, as it benefited from a rebound in net interest income. The quarterly result topped analysts' expectations.

 
 

(END) Dow Jones Newswires

October 14, 2021 11:00 ET (15:00 GMT)

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