Deutsche Bank Posts Higher Profit as Loan Charges Fall 

The German lender's businesses did better than expected in the third quarter but higher costs and a continued slowdown in its investment-banking arm weighed on results.

Spotify Ad Business Boosted by Podcasts 

Spotify's big podcast bet appears to be paying off, with third-quarter advertising revenue up 75% from a year earlier and user growth picking up after a lull earlier this year.

Facebook Faces FTC Probe Over Its Internal Research 

Federal Trade Commission staffers have begun looking into disclosures that Facebook's internal company research had identified ill effects from its products, according to people familiar with the matter.

Ping An Insurance Nine-Month Net Profit Fell 

Ping An Insurance said net profit for the first nine months of the year fell due to impairments made on investments related to China Fortune Land Development.

Cigarette Sales in U.S. Climbed Slightly in 2020, FTC Says 

A new report confirms people lit up more during the pandemic, the first time sales rose in 20 years.

HKEX's Third-Quarter Net Profit Declines 2.9% 

The Hong Kong exchange operator's revenue rose 10% to HK$5.11 billion, as trading and clearing fees increased amid a higher average daily turnover

Santander Profit Rises on Lower Provisions, Higher Revenue 

Banco Santander said it is set to outperform its profitability guidance after reporting higher earnings in the third quarter on increased revenues and lower provisions.

Evercore Names John Weinberg Sole CEO 

Co-CEO Ralph Schlosstein will step down in February after 13 years.

Former Ghosn Aide's Trial Finishes With a Declaration of Innocence 

The defense for former Nissan executive Greg Kelly made its final argument for their client's innocence, arguing that prosecutors failed to prove key parts of the case involving former chief Carlos Ghosn's compensation.

Saks E-Commerce Business Pairs Robots With Workers 

Saks Fifth Avenue said it has started shipping online orders from a high-tech Pennsylvania warehouse, deploying dozens of autonomous robots programmed to help workers find Giambattista Valli gowns and Christian Louboutin pumps.


(END) Dow Jones Newswires

October 27, 2021 07:15 ET (11:15 GMT)

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