Big Oil Companies, Back in the Money, Keep Spending Tight

Exxon and Chevron reported strong profits as some economies recover from the pandemic, but the oil giants, like their European counterparts, preach capital discipline.

 
Amazon Hit With Record EU Privacy Fine

The fine, which Amazon disclosed Friday in a securities filing, was issued two weeks ago by Luxembourg's privacy regulator and accompanied by an order to revise certain business practices that Amazon didn't specify.

 
Procter & Gamble Warns of Higher Costs and Slower Sales

The consumer goods company gave a somber outlook for the year ahead, predicting slower sales and historically high costs for raw materials and transportation as inflation picks up and the global health crisis continues.

 
Goldman Sachs, Ontario Pension Fund Close to Deal for Covid Test Provider

The deal would value Germany-based Amedes at close to $1.9 billion, including debt, people familiar with the matter said.

 
Polaris Considers More Price Increases

Polaris Inc.'s finance chief is weighing additional price increases and adding suppliers as part shortages dent the sports-vehicle maker's retail sales.

 
Sale of World's Oldest Lender Would Soothe Italy's Banking Woes

Banca Monte dei Paschi, the world's oldest bank and a festering wound of Italy's financial system, may finally be heading for a sale after UniCredit said it is entering into exclusive talks with Rome on a possible takeover.

 
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 2Q Profit Rose on Retail Growth, 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.

 
IAG Narrows First-Half Loss, Can't Provide Full-Year Guidance

IAG said that it was ready to take advantage of a surge in air travel demand in line with increasing vaccination rates but it remains unable to provide full-year guidance.

 
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.

(END) Dow Jones Newswires

July 30, 2021 09:15 ET (13:15 GMT)

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