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News Highlights: Top Company News of the Day

Facebook Limits Employee Access to Some Internal Discussion Groups 

The social-media giant will restrict who can view group discussions on topics such as platform safety and election integrity.

LaserShip Is Buying Package Carrier OnTrac in $1.3 Billion Deal 

The acquisition would extend LaserShip's reach, bringing the last-mile delivery specialist closer to becoming a national carrier

Netflix Employee Group Calls for Walkout Over Dave Chappelle Show 

The streaming giant stood by the special that some staff said was offensive to the transgender community.

Rio Tinto Targets Low-Carbon Steel Production 

Rio Tinto said it is developing a way for biomass to replace coking coal in steelmaking, as the mining giant seeks to safeguard demand for iron ore, its most lucrative business.

South32 to Acquire 45% Stake in Chile's Sierra Gorda 

South32 Ltd. will pay up to $2.05 billion for a 45% stake in Chile's Sierra Gorda copper mine.

J&J Booster Dose Bolsters Protection Against Covid-19, FDA Says 

Federal health regulators cautioned that data was limited and that they had to rely on Johnson & Johnson's own analysis for some of the study findings, rather than conducting their own.

Lordstown Motors Recruits Adam Kroll as Financial Chief 

Lordstown Motors has hired a new finance chief, a move that comes as the electric-truck startup works to evaluate new financing options and bring its first pickup to market.

Delta Air Lines Delivers a Profit, but Faces Fuel-Cost Pressure 

Delta posted a quarterly profit as travel demand began to recover in recent weeks despite the spread of a more contagious Covid-19 variant, though the company said it faces pressure from rising fuel prices.

JPMorgan Shows Why Bank Stocks Are Stuck in Neutral 

The bank's strong foundation was resilient during a turbulent third quarter, but that might not be enough to drive stock-price gains.

Auto-Safety Regulator Questions Tesla Over Driver-Assistance Software 

The National Highway Traffic Safety Administration is scrutinizing the electric-car maker over its recent software update and its use of nondisclosure agreements.


(END) Dow Jones Newswires

October 14, 2021 01:15 ET (05:15 GMT)

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