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News Highlights : Top Company News of the Day

09/23/2021 | 09:16pm EDT
Barry Diller's IAC in Talks to Buy Magazine Publisher Meredith 

The deal under discussion is expected to be valued at more than $2.5 billion and would vastly expand IAC's stable of online publications, according to people familiar with the matter.

Nike's Revenue Pinched by Supply-Chain Disruptions 

The sneaker giant reported a 16% rise in quarterly revenue but said production problems in Asia and trans-Pacific shipping delays are constraining sales.

Costco Sales Rose 17% in Latest Quarter 

Retailer's profit totaled $1.67 billion as consumer spending increased in the U.S.

CDC Panel Recommends Pfizer Covid-19 Boosters for Seniors, Certain Adults With Underlying Medical Conditions 

The recommendations were largely in line with the Food and Drug Administration's authorization but diverged on giving the extra shot to people whose use was FDA-authorized: adults who work or live in places that put them at high risk of getting infected or transmitting to others.

Fintech Lender Affirm Leans on Investors to Fund Rapid Growth 

Fintech lender Affirm Holdings is relying more on financing from investors instead of lenders to fund its growth as its "buy now, pay later" installment plans are becoming more popular.

Former OppenheimerFunds Analyst Charged With Insider Trading 

Sergei Polevikov is accused of using his wife's personal brokerage account to buy or sell stock in advance of large pending purchases or sales by his employer, OppenheimerFunds, and allegedly netting $8.5 million in profit.

Madewell, ThredUP Test Secondhand Store in Brooklyn 

The pop-up store from Madewell and thredUP sells secondhand clothing priced from $10 to $40 and aims to educate customers about fashion waste.

Disney Isn't Investigating Handling of Misconduct Claims, After ABC News Boss Urged Inquiry 

ABC News President Kim Godwin had called for an external probe of the matter last month, but a top staffer said Disney executive Peter Rice won't pursue one.

Olive Garden Parent Cautious on Raising Pasta Prices 

The Olive Garden parent sees inflation of about 4% as commodity and labor costs climb.

Salesforce Boosts Sales Outlook 

The business software provider has benefited from companies' growing reliance on cloud-based tools during the pandemic, with the spread of the Delta variant of Covid-19 prolonging that trend.

(END) Dow Jones Newswires

09-23-21 2115ET

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