News Highlights: Top Company News of the Day
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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