News Highlights: Top Company News of the Day
04 November 2021 - 11:30AM
Dow Jones News
Toyota Profit Zooms Past Chip Shortage
Toyota Motor shrugged off the effects of a semiconductor
shortage and reported higher profit in the most recent quarter as
well as an improved forecast for the full fiscal year.
Google Allows Alternate In-App Payment Options in South Korea, Though Familiar Fees Remain
The company plans to continue charging South Korean app
developers a service fee for in-app purchases, even as users for
the first time globally can choose to use third-party payment
platforms.
Societe Generale Profit Beats Forecasts; Replaces CFO
Societe Generale posted a net profit ahead of expectations on
higher revenue in the third quarter, and replaced its chief
financial officer as it prepares to launch a buyback program.
Credit Suisse Carries Out Sweeping Post-Archegos Overhaul
The Swiss bank said it would exit most hedge-fund financing and
restructure its sprawling operations to cater to the world's rich
with private banking and wealth management.
Nintendo's First-Half Net Profit Fell as Gaming Boom Faded
The Japanese videogame company's first-half net profit fell 19%
from a year earlier, as the gaming boom caused by the Covid-19
pandemic cooled.
Chinese Developer Kaisa Dives on Debt Worries
Shares of Kaisa Group Holdings slid to historic lows as prices
on the Chinese property developer's offshore debt neared record
lows and fresh signs of worsening property sales emerged.
Novartis to Sell Roche Stake in Bilateral Deal
Novartis and Roche have agreed a bilateral transaction for the
sale of Roche bearer shares held by Novartis for a total
consideration of $20.7 billion.
Lenovo's Net Profit Jumps on Booming Sales
Lenovo Group's second-quarter net profit jumped 65%, helped by
higher average selling prices for products amid a continuing boom
for personal computers as work and entertainment trends change
during the pandemic.
Google to Pursue Pentagon Cloud-Computing Contract
The company pulled out of the bidding for a similar project
three years ago amid employee complaints about doing work for the
military.
Deere Says It's Done Bargaining
The farm and construction equipment maker said it has made its
best and final offer, while striking UAW-represented workers
discussed their next steps after a second vote to ratify a new
contract failed.
(END) Dow Jones Newswires
November 04, 2021 07:15 ET (11:15 GMT)
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