News Highlights: Top Company News of the Day
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
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
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
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
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
(END) Dow Jones Newswires
August 02, 2021 07:15 ET (11:15 GMT)
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