News Highlights: Top Company News of the Day
Barclays Overtakes Credit Suisse in Investment Banking
The U.K. bank's climb up the ranks is a sign that its long,
frustrated push to be a major player is making progress thanks in
part to the troubles of its Swiss rival.
Tesla Poised for Record Earnings
Wall Street expects the Silicon Valley electric-car maker to
post second-quarter revenue of roughly $11.4 billion, up from $6
billion a year earlier.
Credit Suisse Settles Spying Case With Ex-Executive Iqbal Khan
The spying scandal is one of a slew of legal and reputational
knocks dogging the bank.
Race for Covid-19 Pill Heats Up
Japan's Shionogi has started human trials for a once-a-day drug
designed to neutralize the coronavirus in less than a week as
Pfizer and Merck carry out later-stage tests.
A Space Company's Wall Street Launch Misfires
Investors weren't told about Momentus's technology challenges
and national security issues, the SEC says.
Ryanair Sees a Further Drop in Fares to Counteract 'Pingdemic,' Travel Uncertainty
Ryanair said that it expects the U.K.'s current "pingdemic" to
lead to more uncertainty and that it will counteract this with more
price stimulation and lower fares in the near term.
Philips Launches EUR1.5B Share-Buyback Program
Koninklijke Philips launched a EUR1.5 billion share buyback as
it reported a fall in second-quarter net profit after booking a
provision against a faulty component used in some sleep and
respiratory-care products, as previously flagged.
China's Tutoring Crackdown Slams Stocks
The country confirmed its intention to take drastic steps to
restrain the booming after-school tutoring industry, the most
recent regulatory assault on the sector.
Huawei Hires Democratic Lobbyist Tony Podesta
The hiring comes amid a renewed D.C. lobbying push by the
Chinese company, which had faced relentless attacks by the Trump
PCCW to Sell Data Center Business for $750 Million
PCCW has agreed to sell its data center business to a New
York-listed infrastructure REIT DigitalBridge Group for $750
million, in a bid to focus on its main telecom business.
(END) Dow Jones Newswires
July 26, 2021 07:15 ET (11:15 GMT)
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