Evergrande Makes Overdue Payment, State Media Says 

The unexpected payment to international bondholders allows the struggling Chinese property giant to stave off what threatens to spiral into the biggest corporate default in Asia.

Intel Gets the Bad News Out Early 

The chip maker's early warning of a gross margin hit allows it to focus on revival, but questions remain.

U.S. Issued $100 Billion in Export Licenses to Suppliers of Huawei, SMIC 

The U.S. Commerce Department issued hundreds of export licenses for semiconductors and other products to suppliers of the blacklisted Chinese tech companies, as the global chip shortage started to bite.

Moderna and J&J Covid-19 Booster Shots Backed by CDC 

The director's signoff on extra doses, and on taking a booster different from one's vaccine, was the final step before shots become available in U.S.

Western Digital-Kioxia Deal Talks Stall 

The steady drop in Western Digital's share price since June was a factor that cooled merger discussions.

J&J Talc Claims May Not Belong in Charlotte Bankruptcy Court, Judge Says 

A bankruptcy judge said he is unsure if his North Carolina courtroom is the right venue for a Johnson & Johnson subsidiary to potentially settle tens of thousands of talc-related injury claims and suggested the case could be moved closer to the consumer goods giant's New Jersey headquarters.

American, Southwest Say Vaccine Mandate Won't Disrupt Flights 

Some aviation unions have pushed back against the requirement, raising the possibility of service problems during holiday season.

Renault Cuts Production Outlook on Chip Shortage 

Renault said it expects a production loss of around 170,000 vehicles for the third quarter and close to 500,000 for the year due to a lack of components.

Remy Cointreau Targets Strong Growth as Sales Jump 

Remy Cointreau posted an above-forecast sales rise of 24% in the second quarter and said it was targeting "strong growth" in operating profit for the year, with a more moderate outlook for the second half.

Stellantis, Samsung SDI to Make EV Batteries in U.S. 

Stellantis and South Korea's Samsung SDI have entered into a memorandum of understanding to make battery cells and modules for North America.


(END) Dow Jones Newswires

October 22, 2021 07:00 ET (11:00 GMT)

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