Lockheed Launches Search After Finance Chief Departs Suddenly 

Aerospace and defense giant Lockheed Martin named a longtime company veteran to take over as acting chief financial officer following the sudden exit of its current CFO.

Another Union Vote at Alabama Amazon Site Faces Uncertain Path 

Amazon is expected to challenge a labor official's recommendation for a new vote, which would give organized labor another chance to unionize workers at the warehouse facility.

Amgen Disputes IRS Claim It Owes $3.6 Billion in Back Taxes 

The biopharmaceutical company said it planned to fight the tax bill in court, as the company reported a drop in second-quarter profit as a result of an acquisition write-off.

OCBC, UOB Report Higher Profit on Lower Allowances 

Singapore-based Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. reported sharp increase in their second-quarter net profit supported by lower allowances and proposed to pay higher interim dividend.

Lyft Makes Its Move in Race for Profits 

The company's second-quarter results show it could pay to be the little guy in the ride-hailing industry, but Covid-19 business challenges remain.

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.

Woodside Raises Scarborough Capex Estimate to $12 Billion 

Woodside Petroleum Ltd. said its Scarborough natural-gas project will cost $12 billion to develop, representing an around 5% increase on an earlier estimate nearly two years ago.

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.

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 Wednesday.

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.


(END) Dow Jones Newswires

August 03, 2021 21:15 ET (01:15 GMT)

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