News Highlights: Top Company News of the Day
August 04 2021 - 6:23AM
Dow Jones News
Activision Blizzard's Self-Inflicted Wounds May Not Heal Quickly
Second-quarter results show strong business, but fallout from a
gender-bias lawsuit remains unclear.
Facebook Cuts Off Access for NYU Research Into Political-Ad Targeting
Facebook cut off a New York University research project's
accounts and access to the platform, effectively shutting down a
study of the social-media giant's targeting of political ads.
Lockheed Launches Search After Finance Chief Departs Suddenly
Aerospace and defense giant Lockheed Martin named a longtime
company veteran to take over as acting chief financial officer
following the sudden exit of its current CFO.
Amgen Disputes IRS Claim It Owes $3.6 Billion in Back Taxes
The biopharmaceutical company said it planned to fight the tax
bill in court, as the company reported a drop in second-quarter
profit as a result of an acquisition write-off.
Hugo Boss Aims to Double Sales by 2025; to Focus on Online, China
Hugo Boss aims to sharply increase its revenue within the next
five years, with a focus on digital sales and Chinese consumers,
the German premium-fashion company said.
Sony's Profit Buoyed by Electronics, Music Businesses
Sony Group Corp.'s first-quarter net profit rose 9.4% from a
year earlier as stronger earnings from its electronics and music
businesses offset weaker results from gaming.
Toyota Motor, Honda Motor Post Sharp First-Quarter Profit Gains
The Japanese car makers posted sharp rises in their respective
first-quarter net profits from a year earlier, demonstrating their
continued recovery from the Covid-19 pandemic.
Another Union Vote at Alabama Amazon Site Faces Uncertain Path
Amazon is expected to challenge a labor official's
recommendation for a new vote, which would give organized labor
another chance to unionize workers at the warehouse facility.
SK Innovation Shares Plunge on Spinoff Plan
SK Innovation Co.'s shares plunged Wednesday after its board
decided to spin off its battery and gas exploration &
production businesses as early as October.
Woodside Raises Scarborough Capex Estimate to $12 Billion
Woodside Petroleum Ltd. said its Scarborough natural-gas project
will cost $12 billion to develop, representing an around 5%
increase on an earlier estimate nearly two years ago.
(END) Dow Jones Newswires
August 04, 2021 07:15 ET (11:15 GMT)
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