News Highlights: Top Company News of the Day
Lyft Achieves Earnings Milestone
The ride-hailing company's adjusted profit excluding certain
costs was on the positive side in the second quarter as demand for
its services snapped back.
Spirit, American Airlines Cancel and Delay Flights a Third Day
Spirit Airlines canceled over half its flights as the airline
continues to grapple with an operational meltdown that has thrown
its operation into disarray.
Boeing Starliner Launch Delayed by Propulsion Problem
NASA released a statement about the delay roughly two hours
before the expected launch on Tuesday, and said the next
opportunity to launch the Starliner from Cape Canaveral is on
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.
Lumen Technologies to Sell U.S. Telecom Assets to Apollo for $7.5 Billion
The investment giant will carve out some of Lumen's so-called
incumbent local exchange carrier assets, a collection of telephone
and broadband infrastructure that covers 6 million residential and
business customers across 20 states.
UAW, Car Companies to Require Masks Regardless of Vaccination Status
GM, Ford and Jeep-maker Stellantis reinstated mask mandates at
all factories, offices and warehouses, while Microsoft said it will
require proof of vaccination at its facilities.
Activision Replaces Blizzard Head as It Faces 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.
Tyson Foods to Require Vaccines for All U.S. Workers
The meat giant's decision drew pushback from some union leaders,
signaling tensions between management and workers over stepped-up
efforts to guard against more contagious variants of Covid-19.
Robinhood's Stock Jumps, Reversing Faltering IPO Debut
Shares of the popular trading app rose to $46.80 on Tuesday, up
from the IPO price of $38.
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.
(END) Dow Jones Newswires
August 03, 2021 17:15 ET (21:15 GMT)
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