News Highlights: Top Company News of the Day
Sony's Results Get Boost From Videogame Boom
Sony's sales and operating profit in the latest quarter were
roughly flat compared with a year earlier, despite red ink from
lower TV and stereo sales, as videogame players flocked to its
subscription service and downloaded more game updates.
Ford Names Jim Farley New CEO, Succeeding Jim Hackett
Ford Motor Chief Operating Officer Jim Farley will take over as
chief executive, succeeding Jim Hackett, who will retire after more
than three years of a turnaround effort that has yet to lift
Google's $2.1 Billion Fitbit Deal Faces Troubles in Europe, Australia
The tech giant's plan to buy health-tracker Fitbit faces months
of delays after the European Union's antitrust enforcer launched an
in-depth inquiry, echoing recent concerns raised by Australian
KKR Reports Second-Quarter Profit Amid Financial-Market Recovery
The result marked a rebound for the asset-management company
after it logged a large first-quarter loss.
BP Reports $17.7 Billion Loss, Cuts Dividend
BP cut its dividend for the first time in a decade and outlined
plans to pivot away from oil and gas and invest more in low carbon
energy-marking one of the most dramatic energy-transition plans
among its oil major peers.
Bayer Swings to Net Loss on Roundup Settlement Deal
Bayer said it swung to a net loss of $11.23 billion in the
second quarter on provisions for its multibillion-dollar settlement
with plaintiffs alleging the company's Roundup herbicides cause
cancer, as the German firm slightly lowered its outlook due to the
Diageo's Alcohol Sales Rise in North America but Fall Elsewhere
Johnnie Walker-maker Diageo reported a sharp drop in sales for
the year as higher alcohol sales in North America failed to make up
for slumps in most other countries caused by the pandemic.
IgGenix Gathers $10 Million for Allergy Treatments
Biotechnology startup IgGenix has raised $10 million in Series A
financing to pursue a goal of providing new treatments for allergic
reactions to foods and other substances.
Pinterest's Potential Comes Into Focus
While the pandemic has weakened global ad budgets, Pinterest
shares are riding the e-commerce wave to new highs.
RBC Seeks to Pump Up Its AI Models With a New Platform
Its new AI private cloud can analyze more than 13 million client
records in under 20 minutes, the bank says.
(END) Dow Jones Newswires
August 04, 2020 11:15 ET (15:15 GMT)
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