News Highlights: Top Company News of the Day
Publicis Groupe Sees a Quicker Recovery as Organic Revenue Rises
The ad holding company reported a 17.1% increase in organic
revenue in the second quarter, joining competitors in reporting
significant growth over the dire second quarter last year.
Rising Costs to Weigh on Unilever Margins
Shares in Unilever fell after the company reported a slight fall
in first half profits and cautioned that it expects full-year
margins to remain flat as a result of rising costs.
ABB Doubles Sales Outlook
ABB posted a steep rise in operational earnings to $1.1 billion,
with net profit above forecasts and doubled its revenue growth
guidance for the year to just under 10%.
Roche Backs Outlook as Sales Rebound
Roche confirmed its outlook for the year after interim sales
grew, with the diagnostics division posting a 51% rise due to high
demand for Covid-19 tests, although profits for the period
BHP Inks Nickel Supply Deal With Tesla
BHP Group has signed a supply deal with Tesla for nickel, a
commodity used in electric-vehicle batteries, from its Nickel West
operations in Western Australia.
Chips' Biggest Political Pawn Still Has a Strong Game
ASML faces little risk of lost sales amid an aggressive
expansion, as the Dutch company remains the only game in town for a
cutting-edge chip-making technology called extreme ultraviolet
lithography, or EUV.
PG&E to Bury Power Lines in Fire-Prone Areas
The utility company plans to bury 10,000 miles of power lines to
reduce wildfire risk throughout Northern California, at an
estimated cost of up to $20 billion, reversing its earlier stance
that doing so would be prohibitively expensive.
States Reach $26 Billion Pact to Settle Opioid Lawsuits
States unveiled a historic settlement with drug companies to
resolve thousands of suits, a milestone that could clear the way
for the states to receive money early next year.
Chipotle Stock Hits a Record as Customers Return to Dining
The burrito chain said higher prices haven't deterred consumers,
and sales are outpacing prepandemic levels.
JPMorgan Awards Jamie Dimon Surprise Retention Bonus
The board of the largest U.S. bank gave its chief executive new
stock options as a retention bonus, signaling that it wants him to
stay for several more years.
(END) Dow Jones Newswires
July 22, 2021 05:00 ET (09:00 GMT)
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