News Highlights: Top Company News of the Day
August 02 2021 - 9:20PM
Dow Jones News
Goldman Sachs Is Giving Entry-Level Bankers a Nearly 30% Raise
The Wall Street firm is increasing base pay for its entry-level
employees-first-year analysts-to $110,000, a nearly 30% increase
from the previous starting salary.
Federal Labor Official Recommends Alabama Amazon Workers Hold New Vote, Union Says
A federal official from the National Labor Relations Board
recommends that the results be nullified from an earlier vote in
which Amazon warehouse workers in Alabama cast ballots against
unionizing.
Ernst & Young to Pay $10 Million to Settle SEC Probe
The accounting firm was investigated for allegedly obtaining
confidential information improperly in pursuit of an audit
contract.
Qantas Furloughs 2,500 Workers Amid Delta Outbreaks
Australia's biggest airline, Qantas Airways Ltd., said it would
furlough 2,500 frontline employees for two months in response to
outbreaks of the infectious Delta strain of the coronavirus, which
has led to lockdowns in multiple Australian cities.
Li Auto Seeks to Raise Around $1.9 Billion in Hong Kong Offering
Chinese electric vehicle maker Inc. plans to raise as much as
$1.93 billion through a share offering in Hong Kong.
Device Maker Linked to Alleged Ponzi-Like Scheme Loses Bankruptcy Funding
Insightra lawyer Anthony Saccullo said at a court hearing Monday
that its direct shareholder Odyssey Life Science Holdings LLC was
cutting off the financing, including $500,000 the company needed in
the short term.
Ferrari Is Stuck in Neutral
The Italian sports car maker can afford to take the long view
with its transition to less-polluting powertrain technologies. But
investors will need to be patient too.
Square Keeps Its Equal Sides With Afterpay Deal
Afterpay is an acquisition that can boost Square's appeal to
both buyers and sellers and link the two, which is what investors
have been betting on.
Masks Are Back On at Home Depot, McDonald's and Target
The companies are among a growing number of national businesses
resetting their policies in the face of the Delta variant.
Witherspoon's Hello Sunshine to Be Sold to Blackstone-Backed Company
The venture will be run by former Walt Disney executives Kevin
Mayer and Tom Staggs, who are hunting for content companies amid a
land-grab for high-quality programming in Hollywood.
(END) Dow Jones Newswires
August 02, 2021 21:15 ET (01:15 GMT)
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