HSBC's Net Profit More Than Doubled in Third Quarter 
 

HSBC reported an above-forecast profit of $3.5 billion in the third quarter and announced a buyback of up to $2 billion thanks to an optimistic business outlook and a strong capital position.

 
Talks Collapse Over Sale of Italian Bank Monte dei Paschi 
 

Italy's government and bank UniCredit had been negotiating over the sale of the nationalized lender. The end of the talks leaves little time to find a solution.

 
Sibanye-Stillwater Nears $1 Billion Deal to Acquire Brazilian Mines 
 

The deal is a bet on continued demand for metals used in the production of electric-car batteries.

 
Facebook's Internal Chat Boards Show Politics Often at Center of Decision Making 
 

In hot debates, employees and management spar over allegations content rules aren't enforced for Breitbart and other right-wing publishers for fear of public blowback. Other internal documents show management expresses wariness of appearing biased. In response, Facebook says it enforces its rules equally and doesn't consider politics in its decisions.

 
Origin to Sell 10% APLNG Stake to EIG 
 

Origin Energy Ltd. said it has agreed to sell a 10% stake in the Australia Pacific LNG facility in Queensland state to U.S.-based energy investor EIG for A$2.12 billion.

 
Telstra Acquires Digicel Pacific 
 

Telstra Corp. agreed to acquire mobile networks in six Pacific nations in a $1.6 billion deal largely funded by the Australian government, which foreign policy experts have said wanted to block China from buying the assets.

 
Gender-Neutral Toys Gain Ground 
 

New efforts are under way to eliminate gender bias from toys, a longstanding issue for some companies, parents and advocates.

 
Andreessen Horowitz to Raise Roughly $6.5 Billion for New Venture Funds 
 

The venture-capital firm plans to use the capital to fuel its aggressive deal-making pace, according to people familiar with the situation.

 
Supercar Makers Skid Into EV Era 
 

Lamborghini has grown rapidly in recent years within the Volkswagen group, but now needs to confront battery technology and more competition from Ferrari.

 
ABC Says It Fired 'GMA' Producer After Investigating Sexual-Assault Allegations 
 

Walt Disney's ABC said in a legal filing that it fired "Good Morning America" executive producer Michael Corn last April after investigating allegations that he sexually harassed and assaulted two network staffers.

(END) Dow Jones Newswires

October 25, 2021 01:15 ET (05:15 GMT)