News Highlights: Top Company News of the Day
China Evergrande Cancels Special Dividend
The indebted property developer's board said the decision
reflected the interests of shareholders and creditors and the
long-term development of its businesses.
SK Hynix Expects Chip Demand to Remain Strong
Going into the second half of 2021, SK Hynix expects demand for
NAND flash memory products to increase as more mobile devices adopt
high-capacity data storage systems that need more chips.
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
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.
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.
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.
Reckitt Benckiser Swings to Loss on Higher Costs
Reckitt Benckiser reported a swing to pretax loss for the first
half of the year on lower revenue, higher costs, and expects a weak
third quarter due to the tough year-earlier comparatives.
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.
(END) Dow Jones Newswires
July 27, 2021 03:15 ET (07:15 GMT)
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