GM Profit Sinks as Chip Shortage Takes Toll 

The Detroit auto maker, reporting record pricing and a lucrative mix of higher-profit SUVs and trucks, said its full-year profit would finish at the high end of its prior estimate.

Boeing Reports Loss, Hit By Dreamliner and Starliner Setbacks 

The plane maker had a net loss of $132 million on sales up 8% at $15.3 billion.

Kraft Heinz Raises Full-Year Outlook as It Tackles Inflation 

The food maker posted net income attributable to shareholders of $733 million, compared with $597 million a year earlier.

Hertz Links Up With Uber to Offer 50,000 Tesla Rentals 

The partnership comes days after Hertz said it is making a significant investment in an electric-vehicle rental fleet.

McDonald's Sales Rise as U.S. Menu Prices Climb 

The burger giant said that bigger order sizes and higher prices increased its revenue in the U.S., while loosening Covid-19 restrictions overseas helped to boost its international business.

Coca-Cola Stock Rises as Beverage Giant Boosts Profit Outlook 

Coca-Cola says it expects adjusted profit growth of 15% to 17% in 2021.

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.

Trump Social-Media SPAC Could Make Its Backers $400 Million 

The obscure financiers who launched the shell company that is taking the former president's venture public are poised for a big payday if the deal gets completed.

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.


(END) Dow Jones Newswires

October 27, 2021 09:15 ET (13:15 GMT)

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