News Highlights: Top Company News of the Day
Merck Is in Advanced Talks to Buy Cancer Biotech Seagen
A deal, potentially worth $40 billion or more, would help Merck
broaden its lineup of cancer drugs, currently led by Keytruda.
Shell Says Fuel-Refining Margins Could Add $1 Billion to Quarterly Earnings
Record fuel prices are set to help boost the oil major's profit,
while a resurgence in energy demand lifts the value of its oil and
Samsung Electronics' Run of Record Results Stalls
The South Korean tech giant-which had reported record revenues
in the past three straight quarters-forecasts a 11.4% rise in
second-quarter operating profit from the prior year.
GameStop Shares Rise After Board Declares 4-for-1 Stock Split
Stockholders of record at the close of business July 18 will
receive three additional shares of GameStop Class A common stock
for each share of Class A common stock they hold.
American Airlines to Pay Pilots Triple to Work Flights Dropped in Computer Glitch
The pilots union ratified a deal to resolve snafu that
threatened the carrier's operations in July.
J&J Talc Judge Weighs Expert Help to Value Cancer Claims
Johnson & Johnson wants to estimate its talc-related
liabilities in bankruptcy court. A judge says he may need extra
help to do that.
TPC Creditors Cerberus, Bayside Lose Debt Priority Dispute
Two creditors of TPC Group lost a bankruptcy court ruling on
Wednesday, with a judge saying that the chemical business didn't
act improperly when loan documents were amended to change the
pecking order of creditors.
Blackstone Invests $400 Million in Environmental Commodity Exchange Xpansiv
The platform lets companies trade offsets and oil contracts that
account for fossil fuels' carbon footprint, in an effort to meet
Telecom Italia to Separate Fixed-Line Business
Telecom Italia said it plans to separate its fixed-network
infrastructure assets with the aim of improving its financial
TSMC Shares Rebound Amid Signs of Resilient Chip Sales
Shares of Taiwan Semiconductor Manufacturing Co. rebounded
strongly as investors weighed signs of resilient chip demand amid
worries about a global economic slowdown.
(END) Dow Jones Newswires
July 07, 2022 05:00 ET (09:00 GMT)
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