GM Posts $2.8 Billion Profit, Raises Full-Year View

General Motors raised its pretax profit outlook for the year to between $11.5 billion and $13.5 billion but said the lingering computer-chip shortage and rising commodity costs would weigh on second-half results.

 
Shale Profits Capped by Wrong-Way Bets as Oil Prices Rose

Oil companies collected billions of dollars in cash as oil prices surged in the second quarter. But the sum was limited by hedging contracts meant to protect drillers from another price crash.

 
Casino Owner Vici Properties to Buy MGM Growth Properties

MGM Growth Properties Class A shareholders are expected to get 1.366 shares of newly issued Vici stock for each share they own.

 
CVS Logs Higher Revenue Boosted by Covid-19 Shots

The healthcare company said it would raise its minimum wage for workers to $15 an hour starting next year.

 
Royal Caribbean Earnings Reveal Larger Than Expected Loss

The cruise-line operator also said it expects a full-year loss.

 
Apollo Profit Climbs as Gains Outpace Broader Markets

The private-equity firm reported higher second-quarter profit as the value of its private-equity portfolio climbed faster than the broader market.

 
Kraft Heinz Earnings Top Expectations. Its Stock Is Dropping.

The food purveyor reported an adjusted profit of 78 cents a share, beating forecasts for 72 cents a share, on sales of $6.6 billion, topping expectations for $6.55 billion.

 
Location-Data Broker X-Mode to Be Bought by Digital Envoy

The embattled provider that was kicked off Apple and Google platforms last year to be renamed Outlogic as it becomes part of larger company.

 
FullStory Raises $103 Million, Valuing It at $1.8 Billion

Permira's growth investment team led the round for the Atlanta-based provider of digital-experience intelligence.

 
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.

(END) Dow Jones Newswires

August 04, 2021 11:00 ET (15:00 GMT)

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