News Highlights: Top Company News of the Day
UAW, Detroit Car Companies to Require Masks Regardless of Vaccination Status
GM, Ford and jeep-maker Stellantis reinstate an across-the-board
mask mandate at all factories, offices, warehouses and other
Activision Replaces Blizzard Head as It Grapples With Gender-Bias Lawsuit
A California agency accused executive J. Allen Brack and others
at the company of failing to respond to employee complaints of
harassment, discrimination and retaliation.
Facebook Acquisition Review Shows EU's New Antitrust Power
The company has hit a new obstacle in Europe for its planned
takeover of a New York-based startup, showing how antitrust
muscle-flexing is increasingly affecting deals an ocean away.
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.
Marriott Posts Quarterly Gains, Sees Business Travel Picking Up in the Fall
The hotel chain expects demand for business and group stays to
rise in the fall as it anticipates more workers returning to
offices on a hybrid basis.
Deutsche Bank Set to Resume Sponsoring Hong Kong IPOs
Two hires give the bank the personnel required to sponsor
initial public offerings in the city, after a setback with the
departure of two staffers.
Westlake Chemical to Buy Dimex From Grey Mountain Partners
Dimex make products such as landscape edging and industrial,
home and office matting from waste plastic.
Tyson Foods to Require 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's 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.
(END) Dow Jones Newswires
August 03, 2021 11:15 ET (15:15 GMT)
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