Prudential Suffers Big Loss on Rising Rates
Rising interest rates and volatile stock markets battered insurer Prudential in the third quarter, while AIG was stung by claims from Hurricane Ian in Florida.
Mondelez International Raises Outlook Despite Lower Profits
Acquisitions and higher costs take a bite out of the snack giant's bottom line.
AMD Forecasts Deepening Slump in PC Sales as Consumer Demand Slows
The chip maker's glum outlook reflects a turn in demand following a Covid-fueled surge.
Airbnb Books Record Revenue as Travel Demand Remains Strong
The home-sharing company logged longer stays in the third quarter despite inflation challenges.
China Evergrande Group Gets Enforcement Notices on $4.48 Billion Loan
China Evergrande has received enforcement notices for a $4.48 billion loan taken from a Shengjing Bank, the latest setback for the real estate conglomerate.
Ad Giants Advise Brands to Pause Spending on Elon Musk's Twitter
Interpublic Group and Havas Media make the recommendation, citing concerns about content moderation on the social-media site.
Former CNN Boss Jeff Zucker in Talks to Join RedBird Capital
The private-equity firm's portfolio includes stakes in Fenway Sports Group and LeBron James's media company.
HSBC Finance Chief Sought Top Job Before Surprise Resignation
The bank's board was unwilling to provide timing of a change or an assurance that he would get the job, according to people familiar with the matter.
J&J Agrees to Buy Heart-Device Maker Abiomed for $16.6 Billion
The deal would add heart pumps, a fast-growing part of the medical-device industry, to the J&J lineup.
Dentsply Sirona Finds Improper Accounting for Incentives, Plans to Restate Earnings
Dentsply Sirona Inc. plans to restate its earnings and strengthen controls around financial reporting after wrapping up an internal investigation that delayed its quarterly filings for months and put the dental-products maker at risk of delisting.
(END) Dow Jones Newswires
11-01-22 1915ET
