News Highlights: Top Company News of the Day
27 October 2021 - 6:15AM
Dow Jones News
Payments Company Stripe Is Kick Starting Market for Carbon Removal
Payments company Stripe is putting up millions to be first in
line for carbon-removal technology still being developed.
TikTok, Snapchat and YouTube Defend Child-Safety Record at Senate Hearing
The social-media companies said they are taking steps to keep
youngsters away from potentially harmful content online.
JPMorgan's $30 Billion Racial Equity Pledge, One Year Later
The bank said it has committed $13 billion in loans and
spending, with the bulk going to affordable housing.
Eli Lilly Asks FDA to Approve Alzheimer's Drug
The drugmaker has begun the process seeking approval to sell
donanemab as a treatment for early-stage Alzheimer's based on
results from a midstage study.
DraftKings Abandons $22 Billion Bid for Entain
The U.S. sports-betting operator walked away from its offer to
buy the British competitor, saying the decision followed
negotiations with Entain's leadership.
GE's Profit Rises, but Shortages Crimp Sales
Revenue increased in the company's jet-engine business as travel
rebounded from the start of the pandemic, but its healthcare sales
declined amid supply-chain disruptions.
Seagate Broke Export Curbs by Supplying Huawei, Senate Republicans Say
Seagate supplied a substantial share of the Chinese company's
annual purchases of hard-disk drives after tougher restrictions
took effect, according to a report by Senate Republicans.
UPS Revenue Rises as It Ships Fewer Packages
The delivery company's strategy has focused on moving packages
and courting customers that generate stronger sales and profit.
UBS Earnings Driven Higher by Fees From Wealthy Clients
UBS Group said fees from wealthy clients soared in the third
quarter and its investment bank also reaped more revenue.
Microsoft Earnings Likely to Show Strong Growth From Cloud Usage
The company's Azure cloud-computing service is but one of its
businesses to benefit from the turn to remote work and schooling
during the pandemic.
(END) Dow Jones Newswires
October 26, 2021 15:00 ET (19:00 GMT)
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