News Highlights: Top Company News of the Day
PG&E to Bury Power Lines in Fire-Prone Areas
The California utility said the effort, which it earlier deemed
too expensive, involves 10,000 miles of distribution lines and an
estimated cost of $20 billion.
BHP Inks Nickel Supply Deal With Tesla
BHP Group has signed a supply deal with Tesla Inc. for nickel, a
commodity used in electric-vehicle batteries, from its Nickel West
operations in Western Australia.
Chips' Biggest Political Pawn Still Has a Strong Game
ASML faces little risk of lost sales amid an aggressive
expansion, as the Dutch company remains the only game in town for a
cutting-edge chip-making technology called extreme ultraviolet
lithography, or EUV.
States Reach $26 Billion Pact to Settle Opioid Lawsuits
States unveiled a historic settlement with drug companies to
resolve thousands of suits, a milestone that could clear the way
for the states to receive money early next year.
Chipotle Stock Hits a Record as Customers Return to Dining
The burrito chain said higher prices haven't deterred consumers,
and sales are outpacing prepandemic levels.
JPMorgan Awards Jamie Dimon Surprise Retention Bonus
The board of the largest U.S. bank gave its chief executive new
stock options as a retention bonus, signaling that it wants him to
stay for several more years.
Whirlpool sales rise 32% in Q2, appliances maker raises guidance
Whirlpool Corp. reported a 32% increase in quarterly sales and
said it was raising its 2021 guidance on continued demand for its
kitchen and laundry appliances.
Bustle Owner Eyes SPAC Deal, Acquires Some Spider Studios
The all-stock deal for the owner of parenting websites Scary
Mommy and Fatherly values the publisher at about $150 million.
Robinhood IPO Is No Giveaway
The online broker will have to keep adding customers at a fast
clip to justify the proposed IPO price at a time when revenues per
account are under pressure.
Apple's Biggest iPhone Production Site Hit by Flooding in Central China
The power went out and water seeped into Foxconn's Zhengzhou
site, employees say, but the damage appears to be limited.
(END) Dow Jones Newswires
July 21, 2021 23:15 ET (03:15 GMT)
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