News Corp to Buy OPIS for $1.15 Billion

The parent of The Wall Street Journal and HarperCollins Publishers will purchase Oil Price Information Service, an energy and renewables information-services company.

 
Foot Locker to Buy Two Retailers for $1.1 Billion

The sneaker seller is acquiring WSS and Atmos as it seeks customers beyond the mall.

 
Allianz Shares Sink on DOJ Investigation Into Structured Alpha Funds

Shares in the German financial giant suffered after it said the Justice Department is investigating its hedge funds that caused investors significant losses during the pandemic-related market downturn early last year.

 
Utilities Eye Mini Nuclear Reactors as Climate Concerns Grow

Despite the enticement of carbon-free power, critics say small modular reactors have the same safety and cost challenges of big nukes.

 
HSBC's Profit Rises as Pandemic Provisions Recede

The lender earned $3.4 billion in the quarter ended in June, much higher than the $192 million a year earlier, after it reduced provisions for bad loans caused by the economic fallout from the pandemic.

 
ZocDoc Names Morgan Stanley Investment Banker as CFO

Medical startup ZocDoc named Edward Liu, a former Morgan Stanley investment banker, as its new chief financial officer as it looks to grow its business.

 
Square Agrees to Acquire Afterpay for $29 Billion

The acquisition of the Australian installment-payment company illustrates how financial technology firms are seeking scale to challenge banks for a bigger slice of the payments industry.

 
Airbnb Alums Raise Early-Stage Venture Capital Fund

Former Airbnb employees have raised an early-stage venture-capital fund from backers with ties to the home-sharing company and several outside investors.

 
AXA Net Profit Rises on Better Property and Casualty Claims

AXA said that net profit and revenue increased in the first half thanks to growth in all business lines, particularly improved property and casualty claims and a strong underwriting result at AXA XL, the company's property and casualty and specialty risk division.

 
Heineken Swings to Profit; Backs 2021 View

Heineken reported a swing to net profit for the first half and backed its full-year expectations, but said the rise in commodity costs are expected to start affecting the business in the second half of the year.

(END) Dow Jones Newswires

August 02, 2021 09:15 ET (13:15 GMT)

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