News Highlights: Top Company News of the Day
August 03 2021 - 7:16AM
Dow Jones News
PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm
The snacks-and-beverage company will sell Tropicana, Naked and
other juice brands in North America to private-equity firm PAI
Partners, according to people familiar with the matter.
KKR Earnings Surge as Firm Rakes In Record Cash From Investors
The value of the flagship private-equity portfolio gained 13%
during the quarter, topping gains in the S&P 500.
Wolverine to Buy Sweaty Betty for $410 Million
The maker of Wolverine boots and Keds, Saucony and Merrell
sneakers is diving deeper into apparel with the acquisition of
women's activewear brand Sweaty Betty.
As China's Online Tutoring Firms Tank, India's Cash Up
China's crackdown on its booming for-profit education sector has
shaken many investors, but in India, the sector looks poised for
further rapid growth.
Qualcomm Is Living Out Chips' Big Tech Risk
Losing its role as chip maker to Google's Pixel won't hurt
Qualcomm much, but fears of an Apple processor continue to weigh on
its stock price.
DHL Orders First Electric Cargo Planes to Slash Aviation Emissions
European logistics giant DHL placed its first order for electric
cargo planes, marking one of the industry's early deals for the
emerging aircraft technology as carriers aim to cut their emissions
to meet government climate-change ambitions.
Jeep, Dodge Maker Posts Strong Results Amid Higher Demand and Prices
Stellantis also warned that increases in raw-material prices
were likely to get worse in the second half and a global shortage
of chips is likely to continue to hit production.
China Shuns Ericsson, Nokia as the West Curbs Huawei
The U.S. and many of its allies have restricted the use of 5G
cellular equipment made by China's Huawei. Now Beijing is doing the
same to Huawei's Western rivals.
Tencent Sinks After China Denounces Online Gaming
Shares in Tencent and rivals plummeted after a state-owned
newspaper criticized online gaming as "opium for the mind," fueling
concerns that the companies' games could be swept up into a broader
regulatory crackdown.
China Takes Aim at Auto Chip Dealers With Global Supplies Low
China's top market watchdog said it is investigating auto chip
dealers that it suspects are driving up prices during the global
chip shortage.
(END) Dow Jones Newswires
August 03, 2021 07:15 ET (11:15 GMT)
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