News Highlights: Top Company News of the Day
China Telecom Plans Shanghai Listing
China Telecom Corp. is moving to sell billions of dollars worth
of shares in Shanghai as the telecom carrier turns to its home
market for funds.
Procter & Gamble CEO David Taylor to Step Aside
He will be succeeded on Nov. 1 by his top deputy, Jon Moeller,
who has been P&G's finance chief and was promoted to chief
Robinhood's Stock Price Falls After IPO
The company's stock closed down 8.4% in its trading debut after
pricing its shares at the bottom of its targeted range.
National Australia Bank Plans On-Market Share Buyback
National Australia Bank plans a A$2.5 billion on-market share
buyback and to purchase shares on-market alongside its dividend
Origin Energy Flags $1.67 Billion in Noncash Charges
Origin Energy Ltd. expects to log noncash charges totaling
almost $1.67 billion after tax, tied in part to a weaker outlook
for electricity prices.
MyPillow to Pull Ads From Fox News
Mike Lindell, CEO of MyPillow, says Fox News refused to run an
ad promoting an event linked to claims of widespread election
Boeing Space Flight Postponed After Mishap at Space Station
Boeing's Starliner space capsule was slated for launch Friday
FDA Lets Pharmacies Substitute Branded Insulin With Knockoff Product
For the first time, U.S. regulators have said that a biosimilar
version of a biologic drug is interchangeable with its branded
Pinterest Shares Fall as U.S. Monthly Average Users Decline
Revenue totaled $613.2 million, compared with $272.5 million a
Johnson & Johnson Agrees to Standstill Over Talc Bankruptcy Dispute
Johnson & Johnson has agreed to a temporary standstill in a
dispute with personal injury claimants who allege its talc-based
baby powder products caused cancer and who seek to prevent the
company from pursuing a potential strategy for containing its talc
liabilities through a possible bankruptcy.
(END) Dow Jones Newswires
July 29, 2021 21:15 ET (01:15 GMT)
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