News Highlights: Top Company News of the Day
New York Times Reports Ad Rebound, Slowing Subscriber Growth
The company's results benefited from comparisons with 2020, an
anomalous year in which advertisers slashed spending and news
Robinhood Stock Price Jumps as Options Trading Begins
The stock nearly doubled Wednesday morning and was halted
Boeing Bounces Because the MAX Might Get Approved in China
Boeing stock earlier jumped on reports that the 737 MAX would be
tested for recertification in China.
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
Casino operator MGM Resorts International will get about $4.4
billion in cash as part of the deal between the two REITs.
CVS Stock Will Be Fine Once Vaccines Wear Off
Covid-19 vaccines boosted the chain's second quarter
performance, but strong results from its Aetna unit suggest an
extended run of good health is in store.
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.
(END) Dow Jones Newswires
August 04, 2021 13:15 ET (17:15 GMT)
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