News Highlights: Top Company News of the Day
Electric-Vehicle Sales Growth Outpaces Broader Auto Industry
New plug-in models from Tesla, Ford, VW and others helped to
boost demand, while hurdles still remain for the technology.
Vodafone Shares Rise as Revenue Recovers From Pandemic
The U.K. telecom firm said quarterly revenue rebounded from the
hit caused by the coronavirus pandemic last year, and said it is on
track to meet its expectations for the full year.
Food-Delivery Startup Zomato's Shares Soar in India Debut
Shares of Zomato, India's answer to DoorDash, soared in their
debut, delivering a performance that will likely boost confidence
in other Indian startups that are in line to tap the equities
Snap, Twitter Show Where the Party Is
Social media made a splash on Thursday as its second-quarter
earnings kicked off: Both Twitter and Snap reported
Snap Sees Strong User Growth as Pandemic Restrictions Ease
The company has introduced new features to appeal to businesses
beyond traditional social-media advertising, including a push into
Kaseya Gets Tool to Unlock Hacked Data
The tech company said it received a universal decryptor that
would help restore all the computer systems affected by the July 2
hack of one of its products.
Amazon-Backed Rivian Automotive Plans Second U.S. Electric-Vehicle Factory
EV startup Rivian Automotive plans to open a second
manufacturing plant and is early in the process of scouting
locations, the company said.
Magna to Acquire Auto-Safety Company Veoneer
Magna International Inc. is planning to acquire
automotive-safety-technology company Veoneer Inc. at an enterprise
value of $3.3 billion.
Kakao Bank Set to Raise $2.2 Billion in Listing
The digital bank affiliated with South Korea's internet group
Kakao Corp. has finalized its initial public offering price at the
top end of a marketed price range.
Star Entertainment Withdraws Crown Merger Proposal on License Worries
Star Entertainment Group withdrew its indicative proposal to
merge with Crown Resorts over concerns its rival could lose its
casino license in Melbourne.
(END) Dow Jones Newswires
July 23, 2021 07:15 ET (11:15 GMT)
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