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News Highlights : Top Company News of the Day

10/05/2021 | 09:16pm EST
Facebook Blames Engineering Error of 'Our Own Making' for Outage 

The social-media giant said the problem arose Monday when Facebook engineers were trying to do routine maintenance on a data center.

Facebook Whistleblower's Testimony Builds Momentum for Tougher Tech Laws 

Frances Haugen detailed to a Senate panel the internal documents she gathered showing a range of negative impacts from the company's products-revelations that senators said would build momentum for tougher regulations on Big Tech.

Carl Icahn Holds Significant Stake in Southwest Gas, Opposes Planned Deal 

The activist investor is pushing the Nevada utility to abandon a planned acquisition of Dominion Energy's Questar Pipeline and focus on improving its share price instead.

Johnson & Johnson Asks FDA to Authorize Covid-19 Booster 

The extra dose increased protection to 94% against moderate to severe Covid-19 in a late-stage trial in the U.S., the company said.

California Oil Spill Came From Pipeline Dragged Over 100 Feet 

Officials aren't certain if an anchor caused a 13-inch rupture in the steel pipeline, which resulted in a 130,000-gallon spill off Orange County.

Petrobras Concludes Bribery Settlement With U.S. Justice Department 

The Brazilian state-controlled oil company said it had completed overhauls to its compliance program, bringing to a close a settlement agreement with U.S. authorities over a vast bribery and kickback scheme in Brazil.

AstraZeneca Submits Preventive Covid-19 Treatment to FDA 

The company asked U.S. regulators for emergency-use authorization for an antibody drug that earlier this year showed strong efficacy in preventing symptomatic Covid-19, offering a potential alternative in evading the disease.

Hertz Names Former Ford CEO as Interim Chief 

The leadership change comes as the car-rental company resets after emerging from bankruptcy under new ownership.

Apple Pay Fees Vex Credit-Card Issuers 

Banks are nudging Visa to change the way it processes some Apple Pay transactions, according to people familiar with the matter.

Turo Wants All Your Rides 

The Airbnb for car sharing has filed to go public at a time when it is difficult and expensive to get around.

(END) Dow Jones Newswires

10-05-21 2115ET

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