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News Highlights: Top company news on 7/12

Dow Jones Newswires ·  2021/07/12 22:27  · トレンド
  • Elon Musk Takes Stand in Court to Defend SolarCity Purchase

    Plaintiffs have alleged that the billionaire entrepreneur-led $Tesla, Inc.(TSLA.US)$ to overpay for the home-solar company in 2016.

  • TikTok's Chinese Owner Put IPO on Hold After Warning

    ByteDance put on hold indefinitely its intentions to list offshore earlier this year to focus on addressing data-security risks, people familiar with the matter said.

  • $Virgin Galactic Holdings Inc(SPCE.US)$ Took Richard Branson to Space. Paying Customers Are Next

    After Sunday's successful launch, Virgin Galactic's bet on space tourism is moving from prototype development to building a sustainable business.

  • Less-Loved Solar Technology Gets Moment in the Sun

    Heliogen, which is going public through a SPAC merger, addresses a lot of problems that concentrated solar power has had. It will still be hard for the technology to overtake photovoltaic solar.

  • Banks Struggled Last Year, but Now They Are Set for Big Profits

    $JPMorgan Chase & Co(JPM.US)$$Goldman Sachs Group(GS.US)$, and other big banks are expected to report large second-quarter gains this week, though trading businesses that thrived last year are slowing down and loan demand has been tepid.

  • Aleph Holding, Aiming for 2022 IPO, Sells Stake to CVC

    The digital-media company expects to continue expanding its offerings in developing countries through acquisitions before an IPO, its CEO said.

  • $Walmart Inc(WMT.US)$-Backed Indian Startup Flipkart Soars to $37.6 Billion Valuation

    A fundraising supported by Japan's $SOFTBANK GROUP CO(SFTBY.US)$ and some major sovereign investors is the latest sign of investor appetite for tech deals in emerging markets.

  • Atos Shares Tumble After Guidance Cut

    Shares in Atos traded sharply lower in early trading on Monday after the French IT company cut its 2021 financial targets on negative growth in the second quarter.

Source: Dow Jones Newswires

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