News Highlights: Top Company News of the Day
HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps
The London-based bank, which makes most of its profit in Hong
Kong and mainland China, earned $3.54 billion in the three months
to the end of September, up from $1.36 billion in the same period
Tesla Supplier Shows Off More Powerful Battery
The head of Panasonic's battery unit said the new cell has five
times the capacity of smaller previous models.
Volvo Cars Prices IPO at Bottom of Range
Volvo Cars has priced its IPO at SEK53 a share, with gross
proceeds of SEK20 billion likely from the flotation, less than
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.
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
Australia Backs $1.6 Billion Buy of Pacific Mobile Networks
The Australian government is financing the purchase of mobile
networks in six Pacific countries, a move that foreign-policy
experts say is designed to block a military rival from buying the
strategically important assets.
(END) Dow Jones Newswires
October 25, 2021 03:00 ET (07:00 GMT)
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