Weber Sets IPO Terms That Could Put Market Cap Above $8 Billion

Grill maker, backed by BDT Capital Partners, said it expects to sell shares for between $15 and $17 apiece.

 
GE's Turnaround Rides a Pandemic Rebound

The conglomerate raised its goal for cash flows and said its adjusted profit topped expectations, as it continues to recover from pandemic-induced shocks to the global economy.

 
UPS Ships Fewer Packages as Pandemic Boom Wanes

The carrier says revenue jumped as higher shipping rates offset slowdown in deliveries with more shoppers venturing to stores.

 
Instagram Adds More Protections for Teenagers

Facebook separately pledged to keep younger children off its main platform, even as it explores an alternative product for them.

 
Lysol Maker Sees Disinfectant Sales Slow Amid Pandemic Recovery

Reckitt Benckiser has ridden a wave demand for its cleaning products since Covid-19 hit. Now it is grappling with a pandemic-recovery double whammy: slowing sales of disinfectants and rising cost inflation.

 
Bloomingdale's Joins Smaller-Store Trend With Bloomie's Launch

The 22,000-square-foot store in a suburban shopping district in Fairfax, Va., will carry far fewer products than traditional Bloomingdale's stores, but will update its selection multiple times a week.

 
Jeff Bezos Offers to Waive $2 Billion for NASA Contract

The Amazon.com founder offered to waive $2 billion in fees over the next two years to win his space company, Blue Origin, a joint contract for the lunar-lander program that was awarded solely to Elon Musk's SpaceX.

 
CBRE to Buy 60% Stake in Turner & Townsend in $1.3 Billion Deal

The world's largest commercial-real-estate-services firm is buying a controlling stake in the London-based company ahead of an expected wave of investment in alternative energy and infrastructure.

 
Valo Health Acquires Biotech Startup, Gaining Protein Technology

Drugmaker Valo Health, which has agreed to go public by merging with a blank-check company, is diversifying its product pipeline with the acquisition of Courier Therapeutics.

 
Cloudflare Lays Out Plan to Reduce Internet's Carbon Footprint

The provider of cybersecurity tools and other cloud services said it would cancel out all its carbon dioxide emissions and introduced tools to help its customers cut their own emissions.

(END) Dow Jones Newswires

July 27, 2021 11:15 ET (15:15 GMT)

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