News Highlights: Top Company News of the Day
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
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
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
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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