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News Highlights: Top Company News of the Day

07/06/2021 | 09:16pm EST
Samsung Expects 53% Increase in Operating Profit 

Company is lifted by strong demand for memory chips that offset weaker device sales hurt by component shortages.

Aon Dealt a Blow in Bid for Quick Trial on U.S. Challenge to Willis Towers Merger 

The judge said he can't try the antitrust case before the acquisition's current Sept. 9 expiration date.

Concentrated Solar Power Firm Heliogen to Go Public in $2 Billion SPAC Merger 

Heliogen is combining with the SPAC Athena Technology, one of the few so-called blank-check companies led by women.

Removal From Export Blacklist Sought by T-Shirt Company 

The U.S. Commerce Department has alleged that a mill of the company, under Marjorie Yang, has used forced labor in China's Xinjiang region.

Universal Pictures Deepens Ties to Peacock Streaming Service 

Starting in 2022, theatrical releases from Universal-including the next "Jurassic World" and new "Halloween" movie-will have their TV debut on Peacock, the streamer launched by its parent company last year.

Reese Witherspoon's Media Company Is Exploring a Sale 

Hello Sunshine, the media company founded by actress and entrepreneur Reese Witherspoon whose titles include the hit HBO drama "Big Little Lies," is exploring a sale, according to people familiar with the matter.

Pentagon Cancels JEDI Cloud Contract in Setback for Microsoft, Likely Win for Amazon 

The Pentagon said it would move to a new multi-vendor approach after the massive contract was mired in litigation from Amazon and criticism from lawmakers.

More Credit Suisse Senior Bankers Depart in Wake of Archegos Loss 

The bank has been battling to hold on to other key talent rivals have sought to poach-in many cases through hefty retention bonuses and other perks.

Altice's Ad-Tech Company Teads Plans Files for IPO 

Advertising-technology company Teads has filed for an initial public offering, adding to a string of IPOs and deals in the industry.

Knight-Swift Expands Trucking Reach With AAA Cooper Acquisition 

The Phoenix-based truckload giant is buying regional operator AAA Cooper Transportation Inc. in a transaction with an enterprise value of $1.35 billion, the companies said Tuesday.

(END) Dow Jones Newswires

07-06-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.17% 34580.08 Delayed Quote.13.18%
MICROSOFT CORPORATION -1.97% 323.01 Delayed Quote.45.23%
SAMSUNG ELECTRONICS CO., LTD. -0.26% 75600 End-of-day quote.-6.67%
TEADS B.V. 0.00%End-of-day quote.0.00%
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