News Highlights: Top Company News of the Day
Credit Suisse Expected to Publish Details of Archegos Failures
The report could come as soon as Thursday and is likely to focus
on the bank's risk management unit, human errors in judgment and
unheeded risk in concentrated positions.
Apple Profit Sets Record on Strong iPhone Sales
Sales of iPhones rose 50% from the year-earlier quarter to $39.6
billion, driving a profit of $21.7 billion.
Starbucks Sales Outpace Pre-Pandemic Levels
The coffee giant said it is swiftly recovering from the
Hey Intel, AMD's CEO is also ready to 'fight for every socket,' while producing strong growth
Intel Corp. promised to fight Advanced Micro Devices Inc. for
the crucial data-center market, but AMD Chief Executive Lisa Su
Lysol. N95 Masks. UPS. For Some Pandemic Winners, the Boom Is Over.
Some companies report growth is slowing, adding to challenges as
they deal with rising costs and supply constraints.
GE and Raytheon Aren't Yet Flying on All Engines
Both conglomerates have reported a surge in airline shop visits
in the second quarter, but their aerospace businesses still face
Hallmark Bets People Still Want to Send Paper Cards, but From Phones
The company has rolled out a way for people to handwrite a note
and add it to a paper greeting card, without buying a stamp or
going to the mailbox.
Grill Maker Weber Sets IPO Terms That Could Put Market Cap at $5 Billion
Grill maker, backed by BDT Capital Partners, said it expects to
sell shares for between $15 and $17 apiece.
Jeff Bezos Offers to Waive $2 Billion for NASA Contract
The Amazon founder's offer aims to help his space company, Blue
Origin, secure a joint contract for the lunar-lander program that
was awarded solely to Elon Musk's SpaceX.
UPS Ships Fewer Packages as Pandemic Boom Wanes
The carrier's revenue jumped in the latest quarter as higher
shipping rates offset a slowdown in deliveries with more shoppers
venturing to stores.
(END) Dow Jones Newswires
July 27, 2021 19:00 ET (23:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.