Comcast Profit Boosted by Broadband Growth, Theme Parks Reopening

Comcast Corp. posted a 25% jump in profit in the second quarter, as its broadband and wireless businesses added more customers and its theme parks benefited from the country's reopening

 
Nikola Founder Trevor Milton Charged With Lying to Investors

Federal prosecutors allege Mr. Milton took part in a scheme to defraud investors by getting them to purchase shares of Nikola by making false statements about the company's product and technology development.

 
How Ford, Volkswagen Could Keep the Good Times Rolling

The chip shortage has made car sales unusually profitable, but manufacturers' chances of maintaining their margins depend on a completely new way of doing business.

 
Mastercard's Revenue Rises With Economic Recovery

Mastercard logged an increase in second-quarter revenue and profit, pointing to the continued recovery in domestic and cross-border spending.

 
Altria Halts Rollout of Heat-Not-Burn Product IQOS in Patent Dispute

Altria Group said it has paused the rollout of its heated tobacco product IQOS pending the outcome of a patent dispute with rival British American Tobacco.

 
Yum Outpaces Pre-Pandemic Sales in the U.S.

Fast-food chain owner Yum Brands, which operates KFC, Pizza Hut and Taco Bell, reported rising same-store sales compared with 2019 levels in the U.S.

 
Hershey Boosted by Away-From-Home Sales

Hershey's profit and sales for the second quarter rose as it saw recovery in away-from-home consumption and international markets, while at-home consumption continued.

 
Carlyle's Earnings Jump on Strong Investment Performance

The growth in the value of the firm's private-equity portfolio outpaces the broader market.

 
Hard Liquor Can Take the Edge Off Inflation

Liquor companies are taking inflation in their stride. A push into premium brands, coupled with the fact that more drinkers are switching to spirits from beer in key markets, should help maintain their edge.

 
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.

(END) Dow Jones Newswires

July 29, 2021 11:15 ET (15:15 GMT)

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