News Highlights: Top Company News of the Day
AIG Swings to Profit on Private-Equity Investments, Premium-Rate Increases
The global insurance conglomerate was helped by the absence of
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
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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