News Highlights: Top Company News of the Day
Big Oil Companies, Back in the Money, Keep Spending Tight
Exxon and Chevron reported strong profits as some economies
recover from the pandemic, but the oil giants, like their European
counterparts, preach capital discipline.
Amazon Hit With Record EU Privacy Fine
The fine, which Amazon disclosed Friday in a securities filing,
was issued two weeks ago by Luxembourg's privacy regulator and
accompanied by an order to revise certain business practices that
Amazon didn't specify.
Procter & Gamble Warns of Higher Costs and Slower Sales
The consumer goods company gave a somber outlook for the year
ahead, predicting slower sales and historically high costs for raw
materials and transportation as inflation picks up and the global
health crisis continues.
Goldman Sachs, Ontario Pension Fund Close to Deal for Covid Test Provider
The deal would value Germany-based Amedes at close to $1.9
billion, including debt, people familiar with the matter said.
Polaris Considers More Price Increases
Polaris Inc.'s finance chief is weighing additional price
increases and adding suppliers as part shortages dent the
sports-vehicle maker's retail sales.
Sale of World's Oldest Lender Would Soothe Italy's Banking Woes
Banca Monte dei Paschi, the world's oldest bank and a festering
wound of Italy's financial system, may finally be heading for a
sale after UniCredit said it is entering into exclusive talks with
Rome on a possible takeover.
UniCredit Profit Beats Estimates
UniCredit posted profit and revenue well ahead of analysts'
estimates for the second quarter, with loan loss provisions down
from the high levels seen last year.
BNP Paribas 2Q Profit Rose on Retail Growth, Lower Provisions
BNP Paribas said that second-quarter net profit and revenue rose
as it booked lower provisions to cover credit losses, while it will
distribute another dividend.
IAG Narrows First-Half Loss, Can't Provide Full-Year Guidance
IAG said that it was ready to take advantage of a surge in air
travel demand in line with increasing vaccination rates but it
remains unable to provide full-year guidance.
Swiss Re Swings to Profit
Swiss Re said that it swung to profit in the first half and that
it expects coronavirus-related losses to diminish in the coming
quarters as vaccination campaigns progress globally.
(END) Dow Jones Newswires
July 30, 2021 09:15 ET (13:15 GMT)
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