Weber IPO Prices Below Expectations

Grill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.

 
ESR Cayman to Acquire ARA Asset Management for $5.2 Billion

ESR Cayman Ltd. is planning to acquire ARA Asset Management Ltd. for $5.2 billion in a move that would make it the largest real-estate manager in Asia Pacific.

 
Boeing Says Weather Unlikely the Cause of Starliner Postponement

Boeing Co. said a storm Monday near the launch site in Florida for its Starliner space capsule likely wasn't the cause of a problem with valves in a propulsion system for the vehicle, but teams plan more checks for water or electrical damage.

 
Fox Posts Higher Revenue, as Sports and Entertainment Events Resume

Revenue was $2.89 billion, up 20% from a year earlier.

 
DBS Group Net Profit Rose on Lower Allowances

DBS Group Holdings Ltd.'s second-quarter net profit rose 37% on year as the bank set aside lower allowances for credit and other losses.

 
Uber, Lyft Drive Investors Away

After Lyft leans into profits, Uber leans into investments. Investors in both lean out.

 
Former Bank of America Traders Found Guilty of Rigging Prices

Edward Bases and John Pacilio were convicted of rigging precious-metals prices with a tactic known as spoofing after a criminal trial in Chicago.

 
Spirit Cancellations Continue, as Airline Reboots Network

Spirit says the number of canceled flights will likely begin to fall Thursday.

 
FDA Weighs Faster Timeline for Approving Pfizer Vaccine

Some officials hope the agency can grant full approval to the vaccine this month, while others think September is a more realistic target.

 
Alpha Latam Resolves Dispute With Creditors, Gets Bankruptcy Financing

Alpha Latam Management, which saw its bankruptcy financing threatened as its chapter 11 proceedings began, has resolved a dispute with a group of unsecured bondholders that will provide $45 million to help the business reorganize.

(END) Dow Jones Newswires

August 05, 2021 01:15 ET (05:15 GMT)

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