News Highlights: Top Company News of the Day
July 30 2021 - 3:01AM
Dow Jones News
UniCredit Profit Beats Estimates
UniCredit posted profit and revenue well ahead of analysts'
estimates for the second quarter, with loan loss provisions down
from the high levels seen last year.
BNP Paribas Posts Higher Profit and After Booking Lower Provisions
BNP Paribas said that second-quarter net profit and revenue rose
as it booked lower provisions to cover credit losses, while it will
distribute another dividend.
Swiss Re Swings to Profit
Swiss Re said that it swung to profit in the first half and that
it expects coronavirus-related losses to diminish in the coming
quarters as vaccination campaigns progress globally.
China's Tech Crackdown Could Backfire Badly
When a government comes to believe it can snap its fingers and
create-or destroy-whole industries at will, things can easily go
awry.
Robinhood's Stock Price Falls After IPO
The company's stock closed down 8.4% in its trading debut after
pricing its shares at the bottom of its targeted range.
Procter & Gamble CEO David Taylor to Step Aside
He will be succeeded on Nov. 1 by his top deputy, Jon Moeller,
who has been P&G's finance chief and was promoted to chief
operating officer.
China Telecom Plans Shanghai Listing
China Telecom Corp. is moving to sell billions of dollars worth
of shares in Shanghai as the telecom carrier turns to its home
market for funds.
National Australia Bank Plans On-Market Share Buyback
National Australia Bank plans a A$2.5 billion on-market share
buyback and to purchase shares on-market alongside its dividend
reinvestment plan.
Origin Energy Flags $1.67 Billion in Noncash Charges
Origin Energy Ltd. expects to log noncash charges totaling
almost $1.67 billion after tax, tied in part to a weaker outlook
for electricity prices.
MyPillow to Pull Ads From Fox News
Mike Lindell, CEO of MyPillow, says Fox News refused to run an
ad promoting an event linked to claims of widespread election
fraud.
(END) Dow Jones Newswires
July 30, 2021 03:00 ET (07:00 GMT)
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