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 23:15 ET (03:15 GMT)

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