News Highlights: Top Company News of the Day
Publicis Groupe Sees a Quicker Recovery as Organic Revenue Rises
The ad holding company reported a 17.1% increase in organic
revenue in the second quarter, joining competitors in reporting
significant growth over the dire second quarter last year.
Unilever Confirms Revenue Guidance After 5% Sales Rise
Unilever said it expects to meet its revenue growth target range
in 2021 after underlying sales rose 5% in the second quarter,
although first-half profits dipped to GBP4.4 billion.
ABB Doubles Sales Outlook
ABB posted a steep rise in operational earnings to $1.1 billion,
with net profit above forecasts and doubled its revenue growth
guidance for the year to just under 10%.
Roche Backs Outlook as Sales Rebound
Roche confirmed its outlook for the year after interim sales
grew, with the diagnostics division posting a 51% rise due to high
demand for Covid-19 tests, although profits for the period
BHP Inks Nickel Supply Deal With Tesla
BHP Group has signed a supply deal with Tesla 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.
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.
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.
(END) Dow Jones Newswires
July 22, 2021 03:15 ET (07:15 GMT)
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