News Highlights: Top Company News of the Day
July 29 2021 - 9:26AM
Dow Jones News
Carlyle's Earnings Jump on Strong Investment Performance
The growth in the value of the firm's private-equity portfolio
outpaces the broader market.
Comcast beats earnings estimates as cable stays strong, parks start to recover
Comcast Corp. topped earnings and revenue expectations Thursday
after showing some recovery in its parks business as well as
continued growth in the cable segment.
Mastercard tops earnings expectations as spending recovery continues
Mastercard Inc. topped expectations with its second-quarter
results Thursday amid a continued recovery in spending trends.
Lithia Motors Looks to Increase Profitability as Auto Sales Boom
Lithia Motors, which owns car dealerships across the U.S., is
taking steps to boost its profitability, building out its
e-commerce platform and expanding further into consumer lending,
its finance chief said.
Amazon's Profit-Run Poised to Continue
The e-commerce giant has benefited from an increase in online
shopping and growth of cloud computing.
Didi Weighs Going Private to Placate China, Investors
The ride-hailing giant has been in discussions about how it
could resolve some of the problems that emerged after it listed on
the NYSE on June 30, according to people familiar with the
matter.
Shell Second Quarter Net Profit Falls
Royal Dutch Shell on Thursday reported that its net profit fell
in the second quarter from the immediately prior period, and
launched a $2 billion buyback.
Diageo Profit Rises, Warns on Currency Headwinds
Diageo reported a rise in pretax profit for fiscal 2021 on
higher net sales but warned over possible headwinds in fiscal 2022
related to unfavorable currency movements.
Hollywood Productions Halted as Covid-19 Emerges on Sets Again
The challenges facing Hollywood are echoed throughout corporate
America as a surge due in large part to the highly infectious Delta
variant and current vaccination rates raise questions about the
ideal timetable and practices for returns to workplaces.
Robinhood Prices IPO at $38 a Share
The price is at the low end of expectations and values the
investing platform at about $32 billion. The company will make its
trading debut Thursday on the Nasdaq under the symbol HOOD.
(END) Dow Jones Newswires
July 29, 2021 09:15 ET (13:15 GMT)
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