News Highlights: Top Company News of the Day
August 04 2021 - 07:26PM
Dow Jones News
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.
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.
New York Times Reports Ad Rebound, Slowing Subscriber Growth
The company's results benefited from comparisons with 2020, an
anomalous year in which advertisers slashed spending and news
audiences soared.
Spirit Cancellations Continue, as Airline Reboots Network
Spirit says the number of canceled flights will likely begin to
fall Thursday.
Covid-19 Vaccine Mandates Split Corporate America
With Delta cases rising, companies such as Tyson and Walmart are
insisting employees get the shot. Others are sticking with
persuasion and cash incentives. For both camps, the risk of getting
it wrong is high.
Robinhood Stock Price Jumps as Options Trading Begins
The stock nearly doubled and was halted several times, a
remarkable turnaround for a company that just last week suffered a
disappointing start to trading.
Former Theranos Patients Can Testify at Holmes Trial, Judge Rules
The decision blocked a last-ditch attempt by startup's founder
to keep jurors from hearing the stories of patients who say they
received inaccurate results from Theranos tests.
(END) Dow Jones Newswires
August 04, 2021 19:15 ET (23:15 GMT)
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