Alibaba Posts Quarterly Profit Lifted by E-Commerce and Cloud Computing 

The tech giant's profit attributable to shareholders was about $6.99 billion on about $31.9 billion in revenue.

Tyson Foods to Require Covid-19 Vaccines for All U.S. Workers 

The meat giant, which would offer a $200 bonus to its front-line workers as an incentive, is aiming for total vaccination of its employees by Nov 1. The company' target is partly subject to discussions with labor unions.

PepsiCo to Sell Tropicana, Naked Juice Brands 

The snacks-and-beverage company plans to sell Tropicana and other juice brands to private-equity firm PAI Partners in a deal valued at roughly $4.5 billion.

KKR Earnings Surge as Firm Rakes In Record Cash From Investors 

The value of the flagship private-equity portfolio gained 13% during the quarter, topping gains in the S&P 500.

For Fast Food, Supersized Sales Outrun Heavier Costs 

Second-quarter earnings show fast-food companies can still attract customers despite higher labor and food costs.

Foot Locker's Sneaker Spree Lacks Cheering Fans 

The company's acquisitions of retailers WSS and atmos make sense on the surface, but investors might have wanted more details.

Wolverine to Buy Sweaty Betty for $410 Million 

The maker of Wolverine boots and Keds, Saucony and Merrell sneakers is diving deeper into apparel with the acquisition of women's activewear brand Sweaty Betty.

As China's Online Tutoring Firms Tank, India's Cash Up 

China's crackdown on its booming for-profit education sector has shaken many investors, but in India, the sector looks poised for further rapid growth.

Qualcomm Is Living Out Chips' Big Tech Risk 

Losing its role as chip maker to Google's Pixel won't hurt Qualcomm much, but fears of an Apple processor continue to weigh on its stock price.

DHL Orders First Electric Cargo Planes to Slash Aviation Emissions 

European logistics giant DHL placed its first order for electric cargo planes, marking one of the industry's early deals for the emerging aircraft technology as carriers aim to cut their emissions to meet government climate-change ambitions.


(END) Dow Jones Newswires

August 03, 2021 09:15 ET (13:15 GMT)

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