News Highlights: Top Company News of the Day
July 27 2021 - 5:08PM
Dow Jones News
Apple Profit Sets Record on Strong iPhone Sales
Sales of iPhones rose 50% from the year-earlier quarter to $39.6
billion, driving a profit of $21.7 billion.
Google Revenue Surges as Online Advertising Market Thrives
Alphabet reported its largest second-quarter sales growth in 15
years behind a gusher of online advertising from businesses vying
for customers across reopened economies.
Microsoft Posts Another Quarter of Record Sales Drive by Cloud Growth
The software giant saw a drop in Xbox content and services
revenue from the year-ago period.
Starbucks Sales Outpace Pre-Pandemic Levels
The coffee giant said it is swiftly recovering from the
pandemic.
The Pandemic Boom Has Peaked for These Businesses
Companies from UPS to the maker of Lysol report growth is
slowing, adding to challenges as they deal with rising costs and
supply constraints.
GE and Raytheon Aren't Yet Flying on All Engines
Both conglomerates have reported a surge in airline shop visits
in the second quarter, but their aerospace businesses still face
many unknowns.
Hallmark Bets People Still Want to Send Paper Cards, but From Phones
The company has rolled out a way for people to handwrite a note
and add it to a paper greeting card, without buying a stamp or
going to the mailbox.
Grill Maker Weber Sets IPO Terms That Could Put Market Cap at $5 Billion
Grill maker, backed by BDT Capital Partners, said it expects to
sell shares for between $15 and $17 apiece.
Jeff Bezos Offers to Waive $2 Billion for NASA Contract
The Amazon founder's offer aims to help his space company, Blue
Origin, secure a joint contract for the lunar-lander program that
was awarded solely to Elon Musk's SpaceX.
UPS Ships Fewer Packages as Pandemic Boom Wanes
The carrier's revenue jumped in the latest quarter as higher
shipping rates offset a slowdown in deliveries with more shoppers
venturing to stores.
(END) Dow Jones Newswires
July 27, 2021 17:00 ET (21:00 GMT)
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