News Highlights: Top Company News of the Day
GM Posts $2.8 Billion Profit, Raises Full-Year View
General Motors raised its pretax profit outlook for the year to
between $11.5 billion and $13.5 billion but said the lingering
computer-chip shortage and rising commodity costs would weigh on
Shale Profits Capped by Wrong-Way Bets as Oil Prices Rose
Oil companies collected billions of dollars in cash as oil
prices surged in the second quarter. But the sum was limited by
hedging contracts meant to protect drillers from another price
Casino Owner Vici Properties to Buy MGM Growth Properties
MGM Growth Properties Class A shareholders are expected to get
1.366 shares of newly issued Vici stock for each share they
CVS Logs Higher Revenue Boosted by Covid-19 Shots
The healthcare company said it would raise its minimum wage for
workers to $15 an hour starting next year.
Royal Caribbean Earnings Reveal Larger Than Expected Loss
The cruise-line operator also said it expects a full-year
Apollo Profit Climbs as Gains Outpace Broader Markets
The private-equity firm reported higher second-quarter profit as
the value of its private-equity portfolio climbed faster than the
Kraft Heinz Earnings Top Expectations. Its Stock Is Dropping.
The food purveyor reported an adjusted profit of 78 cents a
share, beating forecasts for 72 cents a share, on sales of $6.6
billion, topping expectations for $6.55 billion.
Location-Data Broker X-Mode to Be Bought by Digital Envoy
The embattled provider that was kicked off Apple and Google
platforms last year to be renamed Outlogic as it becomes part of
FullStory Raises $103 Million, Valuing It at $1.8 Billion
Permira's growth investment team led the round for the
Atlanta-based provider of digital-experience intelligence.
Activision Blizzard's Self-Inflicted Wounds May Not Heal Quickly
Second-quarter results show strong business, but fallout from a
gender-bias lawsuit remains unclear.
(END) Dow Jones Newswires
August 04, 2021 11:15 ET (15:15 GMT)
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