News Highlights: Top Company News of the Day
Nestlé Sales Buoyed by Coffee, Pet Food
The Swiss company's upbeat quarter provides an early sign that
consumer habits acquired during the pandemic, such as drinking more
and better quality coffee at home, could continue to benefit it,
despite the ongoing challenges of rising input costs and
Roche Lifts Outlook as Sales Rise
Roche raised its outlook for the year after the pharma major
posted a solid rise in third-quarter sales to almost CHF16
Credit Suisse to Pay Fine, Admits Defrauding Investors to Settle Mozambique Charges
The company agreed to pay $475 million and forgive $200 million
Mozambique owes to investors in coordinated settlements with U.S.
and European authorities over loans the bank made in the
Bank of New York Mellon's Profit Rises on New Business, Asset Growth
The custody bank's results joined rival State Street in beating
Wall Street's expectations.
Boeing's First Astronaut Flight on Starliner Faces Further Delay
The aerospace giant said its space vehicle might not carry
astronauts until the end of next year, potentially putting it a
year behind a previous date to deliver people to orbit.
Snap CEO Evan Spiegel Says Regulation Alone Won't Fix Social Media
Business practices need to support users' well-being, the chief
executive says at WSJ Tech Live conference.
Netflix Co-CEO Says He Erred on Dave Chappelle Special
"I should have recognized the fact that a group of our employees
was really hurting," Ted Sarandos said in an interview.
SPAC Shareholders Approve Deal That Will Take WeWork Public
Special purpose acquisition company BowX Acquisition said its
shareholders approved the previously announced business combination
with the shared-workspace company.
Netflix Finds Even 'Squid Game' Only Has So Much Reach
While the new blockbuster series is helping to lift subscriber
growth, a projection that is only in line with forecasts tempers
the reaction following a stock-price surge.
Omnicom's Revenue Improves as Effects of Pandemic Fade
The ad agency holding company says revenue is growing across
sectors and regions
(END) Dow Jones Newswires
October 20, 2021 05:15 ET (09:15 GMT)
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