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News Highlights : Top Company News of the Day

10/14/2021 | 09:16pm EST
Former Boeing Pilot Indicted in Probe of 737 MAX Crashes 

Former Boeing 737 chief technical pilot Mark Forkner was charged with deceiving the Federal Aviation Administration.

Rio Tinto Cuts 2021 Projection for Iron-Ore Shipments, Copper Output 

Rio Tinto said it expects to ship less iron ore than previously anticipated from its Australian mining operations this year because of delays to projects caused by labor shortages in the country's west.

Virgin Galactic Pushes Back Commercial Space Flights 

The company said it believes it will launch private-astronaut flights in the fourth quarter of 2022.

Icahn to Commence Proxy Contest, Tender Offer for Southwest Gas 

The billionaire investor escalated his challenge to Southwest Gas Holdings by offering to buy shares of the Nevada utility and announcing plans to try to replace the company's board.

Johnson & Johnson Places Talc Injury Claims in Bankruptcy 

Johnson & Johnson placed into bankruptcy its liabilities for tens of thousands of claims linking talc-based products to cancer, hoping to drive a settlement of personal-injury claims that are expected to grow for decades to come.

Alcoa's Sales Get Boost From Higher Aluminium Prices 

The aluminum maker reported a 31% rise in sales for its latest quarter, even as shipments fell partly because of a lack of railcars.

Dermatologist Describes Stint as Theranos Lab Director 

Doctor explains to jurors in the trial of Elizabeth Holmes that he had a minimal role in overseeing the blood-testing startup's clinical operations.

Jana Partners Takes Stake in Macy's, Urges E-Commerce Spinoff 

The activist investors said that a stand-alone e-commerce business would be worth a multiple of the retailer's current market value, which stood at about $7 billion Thursday after a recent rally.

Signa Sports Attracts Investment From Saudi Wealth Fund 

The online sports equipment retailer has also brought in money from SoftBank and Mubadala in preparation for a U.S. listing through a Ron Burkle-led SPAC.

Microsoft Folds LinkedIn Social Network in China 

LinkedIn's plans to shut down the version of its professional-networking site used in the country mark the end of the last major American social-media service operating openly there.

(END) Dow Jones Newswires

10-14-21 2115ET

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