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 pandemic.

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 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.


(END) Dow Jones Newswires

August 04, 2021 03:15 ET (07:15 GMT)

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