China Evergrande Cancels Special Dividend

The indebted property developer's board said the decision reflected the interests of shareholders and creditors and the long-term development of its businesses.

 
SK Hynix Expects Chip Demand to Remain Strong

Going into the second half of 2021, SK Hynix expects demand for NAND flash memory products to increase as more mobile devices adopt high-capacity data storage systems that need more chips.

 
Intel Sets Plan to Again Become World's Premier Chip Company

The semiconductor maker aims to launch a new central processing unit-the brains of the modern computer-every year between 2021 and 2025, part of Intel's planned reboot after falling behind Asian rivals.

 
Tesla Quarterly Profit Soars to Record

The Silicon Valley electric-car company posted a profit of $1.1 billion, marking its eighth sequential quarter in the black.

 
Ad-Tech Company AdTheorent Nears $1 Billion SPAC Deal to Go Public

The firm would join others in the digital-advertising sector in raising money and going public.

 
Judge Extends Facebook Antitrust Deadline

The Federal Trade Commission now has until Aug. 19 to file an amended antitrust suit against Facebook after the agency's initial bid was dismissed.

 
LVMH Books Higher 1H Revenue, Profit as Fashion Sales Surge

LVMH Moet Hennessy Louis Vuitton's earnings rose sharply in the first half as sales jumped by more than half on the year, driven by the core soft-luxury division.

 
Reckitt Benckiser Swings to Loss on Higher Costs

Reckitt Benckiser reported a swing to pretax loss for the first half of the year on lower revenue, higher costs, and expects a weak third quarter due to the tough year-earlier comparatives.

 
Stagwell, MDC Partners Agree to Merger Following Shareholder Dispute

Shareholders in MDC Partners and Stagwell Media agreed to merge the two advertising and marketing companies after resolving a dispute that had threatened to derail the deal.

 
PerkinElmer Buying BioLegend for $5.25 Billion

The deal is expected to boost PerkinElmer's existing revenue growth and profit margin profile, and add to adjusted earnings a share in the first full year after the closing.

(END) Dow Jones Newswires

July 27, 2021 03:15 ET (07:15 GMT)

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