News Highlights: Top Company News of the Day
Tesla Quarterly Profit Soars to Record
The Silicon Valley electric-car company posted a profit of $1.1
billion, marking its eighth sequential quarter in the black.
Judge Extends Facebook Antitrust Deadline
The Federal Trade Commission now has until Aug. 19 to file an
amended antitrust suit against Facebook after the agency's initial
bid was dismissed.
Aon, Willis Towers Scrap $30 Billion Merger
The Justice Department had alleged the tie-up of insurance
brokers would lead to higher prices and reduced innovation for U.S.
LVMH Books Higher 1H Revenue, Profit as Fashion Sales Surge
LVMH Moet Hennessy Louis Vuitton's earnings rose sharply in the
first half as sales jumped by more than half on the year, driven by
the core soft-luxury division.
Stagwell, MDC Partners Agree to Merger Following Shareholder Dispute
Shareholders in MDC Partners and Stagwell Media agreed to merge
the two advertising and marketing companies after resolving a
dispute that had threatened to derail the deal.
PerkinElmer Buying BioLegend for $5.25 Billion
The deal is expected to boost PerkinElmer's existing revenue
growth and profit margin profile, and add to adjusted earnings a
share in the first full year after the closing.
Lockheed Martin Earnings Were Solid. The Stock Is Falling.
Lockheed recorded a $0.61 per-share charge related to
"performance issues experienced on a classified program" at its
jet-making franchise Aeronautics.
Boeing's Starliner Set to Launch, Giving Company a Do-Over in Space
NASA needs another way to get to the space station. Friday's
test comes after a failed 2019 attempt.
Covid-19 Vaccine Pioneer BioNTech Plans Malaria, Tuberculosis Shots
The German company said it would invest some of the profits from
the vaccine it markets with Pfizer into developing shots for
malaria and tuberculosis in Africa.
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.
(END) Dow Jones Newswires
July 26, 2021 17:00 ET (21:00 GMT)
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