News Highlights: Top Company News of the Day
Weber IPO Prices Below Expectations
Grill maker Weber sold fewer shares at a lower price than
expected in its initial public offering, people familiar with the
matter said, the latest sign the new-issue market may be cooling
after a torrid run this summer.
ESR Cayman to Acquire ARA Asset Management for $5.2 Billion
ESR Cayman Ltd. is planning to acquire ARA Asset Management Ltd.
for $5.2 billion in a move that would make it the largest
real-estate manager in Asia Pacific.
Boeing Says Weather Unlikely the Cause of Starliner Postponement
Boeing Co. said a storm Monday near the launch site in Florida
for its Starliner space capsule likely wasn't the cause of a
problem with valves in a propulsion system for the vehicle, but
teams plan more checks for water or electrical damage.
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.
Alpha Latam Resolves Dispute With Creditors, Gets Bankruptcy Financing
Alpha Latam Management, which saw its bankruptcy financing
threatened as its chapter 11 proceedings began, has resolved a
dispute with a group of unsecured bondholders that will provide $45
million to help the business reorganize.
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.
DBS Group Net Profit Rose on Lower Allowances
DBS Group Holdings Ltd.'s second-quarter net profit rose 37% on
year as the bank set aside lower allowances for credit and other
(END) Dow Jones Newswires
August 04, 2021 21:15 ET (01:15 GMT)
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