News Highlights: Top Company News of the Day
03 August 2021 - 5:02AM
Dow Jones News
Goldman Sachs Is Giving Entry-Level Bankers a Nearly 30% Raise
The Wall Street firm is increasing base pay for its entry-level
employees-first-year analysts-to $110,000, a nearly 30% increase
from the previous starting salary
Ferrari Is Stuck in Neutral
The Italian sports car maker can afford to take the long view
with its transition to less-polluting powertrain technologies. But
investors will need to be patient too.
Square Keeps Its Equal Sides With Afterpay Deal
Afterpay is an acquisition that can boost Square's appeal to
both buyers and sellers and link the two, which is what investors
have been betting on.
Retailers Take Steps to Follow Shifting Guidance on Masks
Target said it would require workers to wear masks regardless of
vaccination status in counties deemed at high risk of Covid-19
transmission, mirroring policies implemented by other companies
last week in the wake of new guidance on mask wearing from U.S.
officials.
Reese Witherspoon's Hello Sunshine to Be Sold to Media Company Backed by Blackstone
The venture Blackstone is backing will be run by former Walt
Disney executives Kevin Mayer and Tom Staggs, who are hunting for
content companies amid a land-grab for high-quality programming in
Hollywood.
News Corp to Buy OPIS for $1.15 Billion
The parent of The Wall Street Journal and HarperCollins
Publishers will purchase Oil Price Information Service, an energy
and renewables information-services company.
Heineken's Usual Advantage Will Slow Its Recovery
A big business in developing countries is normally a reason to
buy Heineken's shares. For now, though, slow vaccination rollouts
have taken the fizz out of some of the world's most promising beer
markets.
Foot Locker to Buy Two Retailers for $1.1 Billion
The sneaker seller is acquiring WSS and Atmos as it seeks
customers beyond the mall.
Allianz Shares Sink on DOJ Probe Into Structured Alpha Funds
The U.S. Justice Department is investigating the German
financial giant's hedge funds that caused investors significant
losses during the pandemic-related market downturn early last
year.
Big Apple Takes Bite Out of Food Delivery
New bills passed in New York City could curb some appeal of
companies such as Grubhub, DoorDash and Uber Eats.
(END) Dow Jones Newswires
August 02, 2021 15:00 ET (19:00 GMT)
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