China Tutoring Firms to Take a Hit From New Regulations

Chinese education companies said that Beijing's new regulations that restrict after-school tutoring services will have an adverse material impact on their operations and financial results.

 
Credit Suisse Settles Spying Case With Ex-Executive Iqbal Khan

The spying scandal is one of a slew of legal and reputational knocks dogging the bank.

 
Race for Covid-19 Pill Heats Up

Japan's Shionogi has started human trials for a once-a-day drug designed to neutralize the coronavirus in less than a week as Pfizer and Merck carry out later-stage tests.

 
A Space Company's Wall Street Launch Misfires

Investors weren't told about Momentus's technology challenges and national security issues, the SEC says.

 
Chicago Casino Would Be Costly, Gambling Operators Say

Chicago is hoping a megacasino will aid its underfunded pensions but such projects face high costs and potential for political and zoning issues.

 
Boston Beer Shares Fall After Hard-Seltzer Demand Sputters

The company missed Wall Street analysts' earnings and sales projections for the fiscal second quarter.

 
Huawei Hires Democratic Lobbyist Tony Podesta

The hiring comes amid a renewed D.C. lobbying push by the Chinese company, which had faced relentless attacks by the Trump administration.

 
Kimberly-Clark Plans Higher Prices Through Next Year

The consumer-goods maker lowered its sales and profit outlook, as rising materials costs and weaker demand for paper products weighed on its second-quarter results.

 
GM Recalls Chevy Bolts for Second Time Due to Fire Risk

The company is asking owners of 2017-19 model year Bolts to keep their electric-vehicle charges at a certain level and to park the cars outside after charging them.

 
Oil Servicers Climb Out of a Hole

Halliburton, Schlumberger and Baker Hughes started tightening their belts in 2019.They now say the worst is now behind them.

(END) Dow Jones Newswires

July 25, 2021 21:15 ET (01:15 GMT)

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