Saks E-Commerce Unit Begins IPO Preparations 
 

Saks is interviewing potential underwriters this week for an initial public offering that could take place in the first half of 2022 and targets a valuation of around $6 billion.

 
Facebook Says AI Will Clean Up the Platform. Its Own Engineers Have Doubts. 
 

AI has only minimal success in removing hate speech, violent images and other problem content, according to internal company reports. It can't consistently identify first-person shooting videos, racist rants or gruesome car crashes.

 
Alibaba Faces New Threat as Shopping Habits Change 
 

Already under regulatory scrutiny, Alibaba is losing market share as Chinese consumers shift from targeted product searches to browsing and interaction.

 
Hollywood Strike Averted as Workers, Studios Reach a Deal 
 

The film and television industry avoided a shutdown of production after a union reached a last-minute, tentative agreement with studios and streaming services.

 
Aching Backs Equal Big Bucks, but an Adjustment Looms 
 

Rapidly expanding chiropractic chain The Joint Corp looks like a long shot once you crunch the numbers.

 
MBK Partners to buy Haichang Ocean Park Assets for $1.01 Billion 
 

Private-equity firm MBK Partners Fund has agreed to acquire assets including theme parks from Haichang Ocean Park Holdings Ltd. for $1.01 billion, as the hospitality company aims to cut its debt.

 
Kelly Services Names CIO to Boost Job-Placement Tech 
 

Veteran IT leader Rosie Rivel will help the staffing firm increase the use of digital tools as employers scramble to fill jobs.

 
ProShares Readies Bitcoin ETF for Launch 
 

The firm is slated to be the first to roll out an exchange-traded fund based on bitcoin futures.

 
Politico's New Owner Plans to Grow Staff, Launch Paywall 
 

Axel Springer, whose $1 billion acquisition of Politico is expected to close next week, is also planning foreign-language editions.

 
Ex-Boeing Pilot Charged in Crash Probe Is Scapegoat, Lawyer Says 
 

Prosecutors face challenges in pinning the blame for deception of air-safety regulators on a lone employee, according to legal observers.

(END) Dow Jones Newswires

October 17, 2021 21:15 ET (01:15 GMT)