AIG Swings to Profit on Private-Equity Investments, Premium-Rate Increases 

The global insurance conglomerate was helped by the absence of pandemic-related charges.

Apple Plans to Have iPhones Detect Child Pornography, Fueling Privacy Debate 

The system will use new techniques in cryptography, artificial intelligence to identify child sexual abuse material. Some critics worry it weakens privacy protections.

Penn National Agrees to Buy TheScore App in $2 Billion Deal 

Gaming company says deal will add technology to help enhance the customer experience and expand the reach of Barstool Sports.

Amazon Delays Return to Office to 2022 

The online retail giant is the latest business to adjust return-to-work plans amid concerns about the Delta variant.

Auto Insurers Face Bumpy Road Ahead 

As people return to normal driving habits, insurers are seeing more accident losses-but they are also starting to look toward higher rates, too.

Qualcomm Bids $4.6 Billion for Veoneer as Its New CEO Looks Beyond iPhone 

Qualcomm's $4.6 billion offer to buy auto-technology company Veoneer comes as the semiconductor company's new chief executive seeks to expand beyond the core mobile-phone chip business.

Weber's Shares Rise in Debut After IPO Targets Slashed 

Weber's stock climbed 18% on first day of trading Thursday.

Robinhood Stock Falls After News of Early Investors Set to Sell Shares 

The investing platform's shares dropped after an SEC filing indicated that early investors in the company will sell up to about 98 million shares, currently worth around $6.3 billion, over time.

Moody's to Buy RMS in Bid to Boost Climate Risk Business 

The ratings company said it had agreed to acquire the catastrophe risk-management and modeling firm from its U.K. parent Daily Mail and General Trust PLC for about $2 billion.

WPP Raises Revenue Forecast as Clients Boost Digital Spending 

The advertising company returned to pre-pandemic growth rates a year earlier than expected as clients boosted spending on digital marketing and e-commerce.


(END) Dow Jones Newswires

August 05, 2021 17:00 ET (21:00 GMT)

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