Weber IPO Prices Below Expectations 

Grill maker Weber sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign the new-issue market may be cooling after a torrid run this summer.

ESR Cayman to Acquire ARA Asset Management for $5.2 Billion 

ESR Cayman Ltd. is planning to acquire ARA Asset Management Ltd. for $5.2 billion in a move that would make it the largest real-estate manager in Asia Pacific.

Boeing Says Weather Unlikely the Cause of Starliner Postponement 

Boeing Co. said a storm Monday near the launch site in Florida for its Starliner space capsule likely wasn't the cause of a problem with valves in a propulsion system for the vehicle, but teams plan more checks for water or electrical damage.

Fox Posts Higher Revenue, as Sports and Entertainment Events Resume 

Revenue was $2.89 billion, up 20% from a year earlier.

Former Bank of America Traders Found Guilty of Rigging Prices 

Edward Bases and John Pacilio were convicted of rigging precious-metals prices with a tactic known as spoofing after a criminal trial in Chicago.

Uber, Lyft Drive Investors Away 

After Lyft leans into profits, Uber leans into investments. Investors in both lean out.

Alpha Latam Resolves Dispute With Creditors, Gets Bankruptcy Financing 

Alpha Latam Management, which saw its bankruptcy financing threatened as its chapter 11 proceedings began, has resolved a dispute with a group of unsecured bondholders that will provide $45 million to help the business reorganize.

Inflation Cuts Both Ways for GM 

Rising raw-material prices are adding to costs across the automotive industry, but Detroit peers Ford and Stellantis probably have more ways to mitigate the problem.

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.

DBS Group Net Profit Rose on Lower Allowances 

DBS Group Holdings Ltd.'s second-quarter net profit rose 37% on year as the bank set aside lower allowances for credit and other losses.


(END) Dow Jones Newswires

August 04, 2021 21:15 ET (01:15 GMT)

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