News Highlights: Top Company News of the Day
July 27 2021 - 11:15PM
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.
Credit Suisse Expected to Publish Details of Archegos Failures
The report could come as soon as Thursday and is likely to focus
on the bank's risk management unit, human errors in judgment and
unheeded risk in concentrated positions.
Ride-Sharing Startup Swvl Nearing Deal to Go Public With Female-Led SPAC
Dubai-based Swvl plans to merge with Queen's Gambit Growth
Capital in a deal that values the company at roughly $1.5
billion.
Glencore Probe Yields Charges Against Another Former Trader
A former Glencore trader pleaded guilty Monday to what
prosecutors described as a conspiracy to pay millions of dollars in
bribes to officials in Nigeria and elsewhere in exchange for
favorable contracts with a state-owned oil company.
Spark Infrastructure Gets Higher Offer From KKR Consortium
Spark Infrastructure Group said it would allow KKR & Co.
Inc. and the Ontario Teachers' Pension Plan Board to conduct due
diligence after they raised a takeover proposal to $3.81
billion.
Starbucks Sales Outpace Pre-Pandemic Levels
The coffee giant's U.S. business rebounded to help quarterly
sales outpace pre-pandemic levels, as the company lifted its profit
outlook.
McDonald's Appoints Its First Global Chief Customer Officer
The fast-food company named veteran Manu Steijaert as its first
global chief customer officer, who will lead a new
customer-experience team.
Lysol. N95 Masks. UPS. For Some Pandemic Winners, the Boom Is Over.
Some companies 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.
(END) Dow Jones Newswires
July 27, 2021 23:15 ET (03:15 GMT)
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