News Highlights: Top Company News of the Day
October 25 2021 - 1:15AM
Dow Jones News
HSBC's Net Profit More Than Doubled in Third Quarter
HSBC reported an above-forecast profit of $3.5 billion in the
third quarter and announced a buyback of up to $2 billion thanks to
an optimistic business outlook and a strong capital position.
Talks Collapse Over Sale of Italian Bank Monte dei Paschi
Italy's government and bank UniCredit had been negotiating over
the sale of the nationalized lender. The end of the talks leaves
little time to find a solution.
Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazilian Mines
The deal is a bet on continued demand for metals used in the
production of electric-car batteries.
Facebook's Internal Chat Boards Show Politics Often at Center of Decision Making
In hot debates, employees and management spar over allegations
content rules aren't enforced for Breitbart and other right-wing
publishers for fear of public blowback. Other internal documents
show management expresses wariness of appearing biased. In
response, Facebook says it enforces its rules equally and doesn't
consider politics in its decisions.
Origin to Sell 10% APLNG Stake to EIG
Origin Energy Ltd. said it has agreed to sell a 10% stake in the
Australia Pacific LNG facility in Queensland state to U.S.-based
energy investor EIG for A$2.12 billion.
Telstra Acquires Digicel Pacific
Telstra Corp. agreed to acquire mobile networks in six Pacific
nations in a $1.6 billion deal largely funded by the Australian
government, which foreign policy experts have said wanted to block
China from buying the assets.
Gender-Neutral Toys Gain Ground
New efforts are under way to eliminate gender bias from toys, a
longstanding issue for some companies, parents and advocates.
Andreessen Horowitz to Raise Roughly $6.5 Billion for New Venture Funds
The venture-capital firm plans to use the capital to fuel its
aggressive deal-making pace, according to people familiar with the
situation.
Supercar Makers Skid Into EV Era
Lamborghini has grown rapidly in recent years within the
Volkswagen group, but now needs to confront battery technology and
more competition from Ferrari.
ABC Says It Fired 'GMA' Producer After Investigating Sexual-Assault Allegations
Walt Disney's ABC said in a legal filing that it fired "Good
Morning America" executive producer Michael Corn last April after
investigating allegations that he sexually harassed and assaulted
two network staffers.
(END) Dow Jones Newswires
October 25, 2021 01:00 ET (05:00 GMT)
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