News Highlights: Top Company News of the Day
Robinhood Shares Fall 12% in IPO
The company and its bankers priced the IPO on Wednesday evening
at $38 per share, valuing the popular trading app at about $32
Albertsons Prepares for Potential Covid-19 Restrictions
Its CEO said the supermarket company will comply with new mask
and vaccine mandates that might result from the recent rise in
Comcast Profit Boosted by Broadband Growth, Theme Parks Reopening
Comcast Corp. posted a 25% jump in profit in the second quarter,
as its broadband and wireless businesses added more customers and
its theme parks benefited from the country's reopening
Merck Sales Beat Estimates, But the Stock Fell. Here's 1 Reason to Be Bullish.
Strong revenue from cancer treatment Keytruda stood out in
Merck's results, with analysts highlighting upside to sales
estimates for the drug.
Global Brands Group's U.S. Footwear, Apparel Business Files for Bankruptcy
The North American division of Global Brands Group Holding filed
for chapter 11 protection, putting its apparel and footwear brands
up for sale with help from a $16 million bankruptcy loan.
Northrop Grumman Lifted by Its Classified Government Programs
Northrop Grumman continued the run of strong results by defense
contractors, with forecast-beating quarterly profits and a higher
full-year earnings forecast as it booked more deals for classified
Nikola Founder Trevor Milton Charged With Lying to Investors
Federal prosecutors allege Mr. Milton took part in a scheme to
defraud investors by getting them to purchase shares of Nikola by
making false statements about the company's product and technology
How Ford, Volkswagen Could Keep the Good Times Rolling
The chip shortage has made car sales unusually profitable, but
manufacturers' chances of maintaining their margins depend on a
completely new way of doing business.
Mastercard's Revenue Rises With Economic Recovery
Mastercard logged an increase in second-quarter revenue and
profit, pointing to the continued recovery in domestic and
Credit Suisse Failed to Act on Archegos Risks
An investigation the bank commissioned detailed how some staff
raised concerns over Archegos that weren't adequately handled even
though the fund repeatedly breached internal loss limits meant to
protect the bank.
(END) Dow Jones Newswires
July 29, 2021 13:15 ET (17:15 GMT)
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