Zillow Says It Can't Buy Any More Homes This Year 
 

The real-estate company said it was experiencing backlogs related to renovating the homes and that it faces constraints for on-the-ground workers.

 
Amazon Seeks to Hire 150,000 Seasonal U.S. Workers 
 

The push to increase workforce comes as U.S. labor market remains tight ahead of holidays.

 
Macy's Online Spinoff: The Ultimate Window Display 
 

An activist investor thinks spinning off Macy's e-commerce business could unlock a lot of value. That could work temporarily; sustaining it will take something extra.

 
Sinclair Broadcast Group Says It Was Hit by a Ransomware Attack 
 

One of the largest owners of broadcast stations in the U.S. said some of its servers are encrypted with ransomware.

 
Albertsons Expects Higher Inflation in Coming Months From Labor, Supply-Chain Costs 
 

The supermarket chain is passing through some price increases to shoppers but said it is also offering cheaper alternatives.

 
Foxconn Unveils First Electric-Vehicle Prototypes 
 

The world's largest contract electronics manufacturer has been moving deeper into the automotive industry as it seeks to diversify its business beyond the Apple products that it is best known for making.

 
State Street Earnings Top Forecasts 
 

State Street posted greater revenue and earnings year over year in the latest quarter as fee-based and interest income both grew.

 
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.

 
Toyota, Stellantis to Build EV-Battery Factories in the U.S. 
 

The auto makers are investing billions of dollars in U.S. battery factories as part of a push to sell more electric vehicles.

 
Goldman Sachs Cleared to Own All of China Unit 
 

Chinese regulators approved Goldman's application to take full ownership of a key local unit, another step in China's gradual opening of its financial system to major players from the U.S. and elsewhere.

(END) Dow Jones Newswires

October 18, 2021 13:15 ET (17:15 GMT)