Foot Locker to Buy Two Retailers for $1.1 Billion 

The sneaker seller is acquiring WSS and Atmos as it seeks customers beyond the mall.

HSBC's Profit Rises as Pandemic Provisions Recede 

The lender earned $3.4 billion in the quarter ended in June, much higher than the $192 million a year earlier, after it reduced provisions for bad loans caused by the economic fallout from the pandemic.

Square Agrees to Acquire Afterpay for $29 Billion 

The acquisition of the Australian installment-payment company illustrates how financial technology firms are seeking scale to challenge banks for a bigger slice of the payments industry.

AXA Net Profit Rises on Better Property and Casualty Claims 

AXA said that net profit and revenue increased in the first half thanks to growth in all business lines, particularly improved property and casualty claims and a strong underwriting result at AXA XL, the company's property and casualty and specialty risk division.

Heineken Swings to Profit; Backs 2021 View 

Heineken reported a swing to net profit for the first half and backed its full-year expectations, but said the rise in commodity costs are expected to start affecting the business in the second half of the year.

Meggitt Agrees to $8.76 Bln Parker-Hannifin Takeover, Shares Rise 

Shares in Meggitt rose after the company said that it has agreed to a $8.76 billion takeover by Parker Hannifin Corp., a deal that is expected to double the size of Parker's Aerospace Systems segment.

Chile Workers at World's Biggest Copper Mine Vote to Strike 

The move potentially risks supply disruptions of a key metal as the world's economy continues to recover from the impact of the coronavirus pandemic.

Samsung Takes Intel's Chip-Seller Crown, but Bigger Battle Looms 

Intel, knocked off its perch as the biggest-revenue chip maker by Samsung, is looking to take on its South Korean rival in one of the business world's costliest endeavors: contract manufacturing of the most-advanced chips.

Oil Search Intends to Recommend New Santos Takeover Proposal 

Oil Search Ltd. said it intends to recommend a new takeover proposal from Santos Ltd. to create an energy company with a market value of more than $16 billion.

Keppel Makes $1.6 Billion Offer for Singapore Press Holdings 

Keppel Corp. has offered to acquire Singapore Press Holdings Ltd. for $1.62 billion, a move by the conglomerate to build its property portfolio.


(END) Dow Jones Newswires

August 02, 2021 07:15 ET (11:15 GMT)

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