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News Highlights : Top Company News of the Day

08/01/2021 | 09:16pm EDT
Square Agrees to Acquire Afterpay for $29 Billion in All-Stock Deal 

The Australian installment-payment company, which positions its service as a cheaper and more responsible alternative to a credit card, will be integrated into Square's Seller and Cash App business units.

Succession Drama Grips Scholastic: CEO's Sudden Death, an Office Romance and a Surprise Will 

Richard Robinson stunned his family by bequeathing his controlling stake in the "Harry Potter" publisher to senior executive Iole Lucchese.

Chile Workers at World's Biggest Copper Mine Vote to Strike 

The move potentially risks supply disruptions of a key metal as the world's economy continues to recover from the impact of the coronavirus pandemic.

Samsung Takes Intel's Chip-Seller Crown, but Bigger Battle Looms 

Intel, knocked off its perch as the biggest-revenue chip maker by Samsung, is looking to take on its South Korean rival in one of the business world's costliest endeavors: contract manufacturing of the most-advanced chips.

Oil Search Intends to Recommend New Santos Takeover Proposal 

Oil Search Ltd. said it intends to recommend a new takeover proposal from Santos Ltd. to create an energy company with a market value of more than $16 billion.

'Jungle Cruise' Debut Is Latest Example of Covid-19, Co-Release Challenges 

After several weeks of encouraging premieres, Hollywood's return to the box office has struggled with middling performances topping the charts.

Ford's Utility Man Steers Its Commercial-Vehicle Push 

Ted Cannis applies a diverse background to a new strategic imperative: expanding services to those customers buying work trucks and vans.

FDA Under Pressure to Grant Full Approval to Covid-19 Vaccines 

Some schools, hospitals and employers are hesitant to mandate vaccines while shots are still only authorized for emergency use.

Two U.S. Companies Seek Continued Tariffs on Imported Solar Panels 

Auxin Solar and Suniva plan to ask the U.S. International Trade Commission to extend the solar tariffs for four years, reigniting a fight that has split the industry-and could force the White House to choose sides.

Tech Startup Financing Hits Records 

The world's largest investment funds are descending on Silicon Valley with unprecedented financial force, roiling the once-niche business of tech startup funding and crowding out traditional venture capitalists.

(END) Dow Jones Newswires

08-01-21 2115ET

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