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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