News Highlights: Top Company News of the Day
Goldman Sachs Is Giving Entry-Level Bankers a Nearly 30% Raise
The Wall Street firm is increasing base pay for its entry-level
employees-first-year analysts-to $110,000, a nearly 30% increase
from the previous starting salary
Ernst & Young to Pay $10 Million to Settle SEC Probe
The accounting firm was investigated for allegedly obtaining
confidential information improperly in pursuit of an audit
Ferrari Is Stuck in Neutral
The Italian sports car maker can afford to take the long view
with its transition to less-polluting powertrain technologies. But
investors will need to be patient too.
Square Keeps Its Equal Sides With Afterpay Deal
Afterpay is an acquisition that can boost Square's appeal to
both buyers and sellers and link the two, which is what investors
have been betting on.
Target, Facebook Issue Mask Requirements for Some Employees
The retailer is focusing on high-Covid-19 counties, while the
tech company is issuing mandate for all U.S. offices.
Reese Witherspoon's Hello Sunshine to Be Sold to Media Company Backed by Blackstone
The venture Blackstone is backing will be run by former Walt
Disney executives Kevin Mayer and Tom Staggs, who are hunting for
content companies amid a land-grab for high-quality programming in
News Corp to Buy OPIS for $1.15 Billion
The parent of The Wall Street Journal and HarperCollins
Publishers will purchase Oil Price Information Service, an energy
and renewables information-services company.
Heineken's Usual Advantage Will Slow Its Recovery
A big business in developing countries is normally a reason to
buy Heineken's shares. For now, though, slow vaccination rollouts
have taken the fizz out of some of the world's most promising beer
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.
Allianz Shares Sink on DOJ Probe Into Structured Alpha Funds
The U.S. Justice Department is investigating the German
financial giant's hedge funds that caused investors significant
losses during the pandemic-related market downturn early last
(END) Dow Jones Newswires
August 02, 2021 17:00 ET (21:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.