Tesla Posts Fourth-Consecutive Quarterly Profit

The milestone makes the electric auto maker eligible for inclusion in the S&P 500. The auto maker said it has chosen a location near Austin, Texas, for its second U.S. assembly plant. 


 
Ann Taylor Owner Files for Bankruptcy

Ascena Retail Group, the parent company of Ann Taylor and Lane Bryant, has filed for bankruptcy, the latest apparel seller unable to ride out the economic damage caused by coronavirus restrictions. 


 
Ad Giant Publicis Reports Drop in Second-Quarter Organic Revenue

Organic revenue-a key industry measure that strips out currency effects, acquisitions and disposals-fell 13% in the second quarter, the first reporting period this year to reflect from start to finish the effects of the coronavirus pandemic. 


 
Americans in Lockdown Buy Cleaning Products and Ice Cream, Lifting Unilever

Unilever reported better-than-expected second-quarter sales as a strong performance in the U.S. outweighed coronavirus-related declines elsewhere in the world. 


 
Brady, Strahan and Chopra Sports Media Venture Raises $10 Million

Religion of Sports Media Inc., a media venture co-founded by NFL legends Tom Brady and Michael Strahan and filmmaker Gotham Chopra, has raised $10 million to produce more video and audio content, including content it plans to finance on its own. 


 
AMC Scores Big Win in 'The Walking Dead' Suit

A judge threw out several key claims in a lawsuit that the creator and several producers of the hit TV show "The Walking Dead" filed against AMC Networks over profit-sharing. 


 
Walmart Sells Its Indian Stores to Flipkart

Walmart is selling its Indian stores to Flipkart, the e-commerce startup it controls, consolidating its operations in the world's second-most-populous country as it works to fend off Amazon.com. 


 
Pfizer, BioNTech Get Covid-19 Vaccine Order From U.S. Government

The U.S. has agreed to pay Pfizer and BioNTech nearly $2 billion to secure 100 million doses of their experimental coronavirus vaccine to provide to Americans free of charge. 


 
Dutch Politician Targeted in Twitter Hack

An unnamed Dutch politician was among 36 Twitter Inc. users who had their direct messages accessed in a high-profile hacking attack last week, the company said Wednesday. 


 
Roche 1H Net Profit Falls as Coronavirus Hurt Sales

Roche reported a fall in first-half net profit as the coronavirus pandemic hurt sales.