News Highlights: Top Company News of the Day
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
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
Coca-Cola Stock Rises as Beverage Giant Boosts Profit Outlook
Coca-Cola says it expects adjusted profit growth of 15% to 17%
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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