News Highlights: Top Company News of the Day
Facebook Cuts Off Access for NYU Research Into Political-Ad Targeting
Facebook cut off a New York University research project's
accounts and access to the platform, effectively shutting down a
study of the social-media giant's targeting of political ads.
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.
Hugo Boss Swings to Profit
Hugo Boss swung to a net profit in the second quarter on higher
sales and posted a profit of EUR25 million, compared with a net
loss of EUR186 million a year earlier.
Toyota Motor's First-Quarter Net Profit Accelerates
The Japanese car maker's first-quarter net profit rose
severalfold, demonstrating a continued recovery from the Covid-19
SK Innovation Shares Plunge on Spinoff Plan
SK Innovation Co.'s shares plunged Wednesday after its board
decided to spin off its battery and gas exploration &
production businesses as early as October.
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.
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
(END) Dow Jones Newswires
August 04, 2021 03:15 ET (07:15 GMT)
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