Business Stories from October 28, 2021 (Change date)
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Apple's strong quarter suffers $6B blow from supply shortageOct 28, 2021 6:00 pm - SAN RAMON, Calif. (AP) - Apple's iPhone sales soared yet again in the past quarter, but didn't grow as rapidly as analysts anticipated because of supply shortages that h...
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Volkswagen lowers sales outlook as chip shortage hits profitOct 28, 2021 3:30 am - FRANKFURT, Germany (AP) - Volkswagen lowered its forecast for deliveries to customers Thursday and reported a decrease in operating profits for the third quarter as the ...
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In the middle of a crisis, Facebook Inc. renames itself MetaOct 29, 2021 6:30 am - OAKLAND, Calif. (AP) - Like many companies in trouble before it, Facebook is changing its name and logo. Facebook Inc. is now called Meta Platforms Inc., or Meta for sh...
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Ford, KLA rise; Twilio, eBay fallOct 28, 2021 3:30 pm - NEW YORK (AP) - Stocks that traded heavily or had substantial price changes Thursday: Ford Motor Co., up $1.35 to $16.86. The auto maker gave investors an encouraging fi...
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'Stupid' and 'insane': Some billionaires vent over tax planOct 28, 2021 1:00 pm - Elon Musk isn't happy. With a personal fortune that is flirting with $300 billion, the Tesla CEO - the richest person on earth - has been attacking a Democratic proposal...
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US average mortgage rates rise; 30-year sat 3.14%Oct 28, 2021 7:30 pm - WASHINGTON (AP) - Average long-term mortgage rate rose this week as inflation pressures, the coronavirus pandemic and some supply shortages linger. Mortgage buyer Freddi...
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U of Michigan gets $40M gift to help 1st-generation studentsOct 28, 2021 8:01 am - LANSING, Mich. (AP) - Before New York real estate developer Fred Wilpon would become part-owner and then sole owner of the New York Mets for over 30 years, he was a 17-y...
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Grains, livestock mixedOct 28, 2021 3:30 pm - Wheat for Dec. advanced 12.75 cents at $7.7250 a bushel; Dec. corn was up 5.50 cents at $5.6275 a bushel, Dec. oats fell .50 cent at $7.1050 a bushel; while Nov. soybean...
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US road deaths spiked 18% to 20,000 in 2021's first halfOct 28, 2021 5:00 pm - DETROIT (AP) - The number of U.S. traffic deaths in the first half of 2021 hit 20,160, the highest first-half total since 2006, the government reported Thursday. The est...
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Sony raises forecast as sales hold up amid COVID damageOct 28, 2021 4:00 am - TOKYO (AP) - Sony reported Thursday that its profit fell 54% in the last quarter, mainly due to a one-time tax-related gain that inflated last year's number. The Japane...
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