Robinhood Shares Fall 12% in IPO

The company and its bankers priced the IPO on Wednesday evening at $38 per share, valuing the popular trading app at about $32 billion.

 
Albertsons Prepares for Potential Covid-19 Restrictions

Its CEO said the supermarket company will comply with new mask and vaccine mandates that might result from the recent rise in Covid-19 cases.

 
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

 
Merck Sales Beat Estimates, But the Stock Fell. Here's 1 Reason to Be Bullish.

Strong revenue from cancer treatment Keytruda stood out in Merck's results, with analysts highlighting upside to sales estimates for the drug.

 
Global Brands Group's U.S. Footwear, Apparel Business Files for Bankruptcy

The North American division of Global Brands Group Holding filed for chapter 11 protection, putting its apparel and footwear brands up for sale with help from a $16 million bankruptcy loan.

 
Northrop Grumman Lifted by Its Classified Government Programs

Northrop Grumman continued the run of strong results by defense contractors, with forecast-beating quarterly profits and a higher full-year earnings forecast as it booked more deals for classified government programs.

 
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.

 
Credit Suisse Failed to Act on Archegos Risks

An investigation the bank commissioned detailed how some staff raised concerns over Archegos that weren't adequately handled even though the fund repeatedly breached internal loss limits meant to protect the bank.

(END) Dow Jones Newswires

July 29, 2021 13:15 ET (17:15 GMT)

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