News Highlights: Top Company News of the Day
Walmart to Reinstate Mask Mandate for Store Workers in Counties at High Covid Risk
The retail giant's move-for U.S. counties deemed at high risk of
Covid-19 transmission-is another sign that federal guidelines
issued earlier this week have wide business implications.
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.
Colgate-Palmolive Profit Rises in 2Q
Colgate-Palmolive Co. said Friday that profit rose in the second
quarter, benefiting from a rise in revenue, but cost pressures are
expected to continue into the second half of the year.
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.
Tesla Battery Catches Fire at Utility Storage Project in Australia
The fire broke out where France's Neoen SA is installing 210
Tesla Megapacks as part of a 300-megawatt battery storage
Ontario Pension Fund, Goldman Sachs Agree to Buy Covid-19 Test Provider
The deal to buy a majority stake in Germany-based Amedes, which
provides medical-diagnostic services, is expected to close by the
end of the year.
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.
(END) Dow Jones Newswires
July 30, 2021 13:15 ET (17:15 GMT)
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