News Highlights: Top Company News of the Day
Ad-Tech Company AdTheorent Nears $1 Billion SPAC Deal to Go Public
The firm would join others in the digital-advertising sector in
raising money and going public.
Intel Sets Plan to Again Become World's Premier Chip Company
The semiconductor maker aims to launch a new central processing
unit-the brains of the modern computer-every year between 2021 and
2025, part of Intel's planned reboot after falling behind Asian
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.
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.
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.
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.
Limetree Oil Refinery Wants Bankruptcy Shield Extended to Private-Equity Backers
The St. Croix refinery says environmental litigation against its
current and former owners would distract from restructuring
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.
(END) Dow Jones Newswires
July 26, 2021 21:15 ET (01:15 GMT)
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