News Highlights: Top Company News of the Day
August 05 2021 - 7:22AM
Dow Jones News
Blackstone, Other Private-Equity Stocks Catch Fire
After years of lackluster performance, the shares of
private-equity firms are benefiting from current market
dynamics.
Nintendo Needs More Than Flashy Buybacks
A big share buyback will help cushion the blow from
disappointing results, but isn't a strategy for the future.
Roku Pays to Be a Player
The streaming star's ad business delivers, but shortages remind
why hardware still matters
Bayer Shares Tumble After Second-Quarter Loss
Shares in Bayer fell in early trading after the company posted a
second-quarter net loss and an outlook on Ebitda before special
items which is behind consensus.
Glencore Raises Shareholder Returns; Commodity Prices Boost Profit
Glencore said that it will increase 2021 shareholder returns to
$2.8 billion, as higher commodity prices boosted profit and free
cash flow in the first half of the year.
Siemens Raises Forecasts as 3Q Profit, Revenue Beat Expectations
Siemens shares gained after the company reported a rise in
third-quarter profit, revenue that beat expectations and raised its
full-year outlook on the back of the global economic recovery.
Siemens to Buy Software Company Sqills
Siemens AG said Thursday that its Siemens Mobility unit plans to
acquire software company Sqills for 550 million euros, plus a
performance-based factor.
WPP Swings to Profit, Raises Guidance
WPP reported a swing to pretax profit for the first half of the
year and raised its full-year guidance.
Adidas Shares Fall After 2021 Guidance Upgrade
Shares in Adidas traded lower after the German sporting-goods
company raised its targets for sales and profitability for the
year, an upgrade that had been expected according to analysts.
Kuaishou Shares Dive Amid U.S. App Shutdown, Regulation Fears
Kuaishou Technology shares were sharply lower Thursday, after
the tech firm said it would shut down its U.S. app and amid renewed
investor fears that Beijing may tighten curbs on short-video
platform operators.
(END) Dow Jones Newswires
August 05, 2021 07:15 ET (11:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.