Activision Blizzard's Self-Inflicted Wounds May Not Heal Quickly

Second-quarter results show strong business, but fallout from a gender-bias lawsuit remains unclear.

 
Facebook Cuts Off Access for NYU Research Into Political-Ad Targeting

Facebook cut off a New York University research project's accounts and access to the platform, effectively shutting down a study of the social-media giant's targeting of political ads.

 
Lockheed Launches Search After Finance Chief Departs Suddenly

Aerospace and defense giant Lockheed Martin named a longtime company veteran to take over as acting chief financial officer following the sudden exit of its current CFO.

 
Amgen Disputes IRS Claim It Owes $3.6 Billion in Back Taxes

The biopharmaceutical company said it planned to fight the tax bill in court, as the company reported a drop in second-quarter profit as a result of an acquisition write-off.

 
Hugo Boss Aims to Double Sales by 2025; to Focus on Online, China

Hugo Boss aims to sharply increase its revenue within the next five years, with a focus on digital sales and Chinese consumers, the German premium-fashion company said.

 
Sony's Profit Buoyed by Electronics, Music Businesses

Sony Group Corp.'s first-quarter net profit rose 9.4% from a year earlier as stronger earnings from its electronics and music businesses offset weaker results from gaming.

 
Toyota Motor, Honda Motor Post Sharp First-Quarter Profit Gains

The Japanese car makers posted sharp rises in their respective first-quarter net profits from a year earlier, demonstrating their continued recovery from the Covid-19 pandemic.

 
Another Union Vote at Alabama Amazon Site Faces Uncertain Path

Amazon is expected to challenge a labor official's recommendation for a new vote, which would give organized labor another chance to unionize workers at the warehouse facility.

 
SK Innovation Shares Plunge on Spinoff Plan

SK Innovation Co.'s shares plunged Wednesday after its board decided to spin off its battery and gas exploration & production businesses as early as October.

 
Woodside Raises Scarborough Capex Estimate to $12 Billion

Woodside Petroleum Ltd. said its Scarborough natural-gas project will cost $12 billion to develop, representing an around 5% increase on an earlier estimate nearly two years ago.

(END) Dow Jones Newswires

August 04, 2021 07:15 ET (11:15 GMT)

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