News Highlights: Top Company News of the Day
August 03 2021 - 3:05PM
Dow Jones News
Robinhood's Stock Jumps, Reversing Faltering IPO Debut
Shares of the popular trading app rose as high as $45 Tuesday,
up from the IPO price of $38.
PepsiCo to Sell Tropicana, Naked Juice Brands
The snacks-and-beverage company plans to sell Tropicana and
other juice brands to private-equity firm PAI Partners in a deal
valued at roughly $4.5 billion.
UAW, Car Companies to Require Masks Regardless of Vaccination Status
GM, Ford and Jeep-maker Stellantis reinstated mask mandates at
all factories, offices and warehouses, while Microsoft said it will
require proof of vaccination at its facilities.
Activision Replaces Blizzard Head as It Faces Gender-Bias Lawsuit
A California agency accused executive J. Allen Brack and others
at the company of failing to respond to employee complaints of
harassment, discrimination and retaliation.
Facebook Acquisition Review Shows EU's New Antitrust Power
The company has hit a new obstacle in Europe for its planned
takeover of a New York-based startup, showing how antitrust
muscle-flexing is increasingly affecting deals an ocean away.
Alibaba Posts Lower Profit as Chinese Tech Giant Boosts Spending
The company invested heavily to bolster its retail platforms as
it faces rising competition in China's e-commerce market.
Marriott Posts Quarterly Gains, Sees Business Travel Picking Up This Fall
The hotel chain expects demand for business and group stays to
rise in the fall as it anticipates more workers returning to
offices on a hybrid basis.
Deutsche Bank Set to Resume Sponsoring Hong Kong IPOs
Two hires give the bank the personnel required to sponsor
initial public offerings in the city, after a setback with the
departure of two staffers.
Westlake Chemical to Buy Dimex From Grey Mountain Partners
Dimex make products such as landscape edging and industrial,
home and office matting from waste plastic.
Tyson Foods to Require Vaccines for All U.S. Workers
The meat giant, which would offer a $200 bonus to its front-line
workers as an incentive, is aiming for total vaccination of its
employees by Nov. 1. The move drew pushback from some union
leaders.
(END) Dow Jones Newswires
August 03, 2021 15:00 ET (19:00 GMT)
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