KKR Reports Second-Quarter Profit Amid Financial-Market Recovery

The result marked a rebound for the asset-management company after it logged a large first-quarter loss. 


 
BP Reports $17.7 Billion Loss, Cuts Dividend

BP cut its dividend for the first time in a decade and outlined plans to pivot away from oil and gas and invest more in low carbon energy-marking one of the most dramatic energy-transition plans among its oil major peers. 


 
Bayer Swings to Net Loss on Roundup Settlement Deal

Bayer said it swung to a net loss of $11.23 billion in the second quarter on provisions for its multibillion-dollar settlement with plaintiffs alleging the company's Roundup herbicides cause cancer, as the German firm slightly lowered its outlook due to the coronavirus pandemic. 


 
Diageo's Alcohol Sales Rise in North America but Fall Elsewhere

Johnnie Walker-maker Diageo reported a sharp drop in sales for the year as higher alcohol sales in North America failed to make up for slumps in most other countries caused by the pandemic. 


 
IgGenix Gathers $10 Million for Allergy Treatments

Biotechnology startup IgGenix has raised $10 million in Series A financing to pursue a goal of providing new treatments for allergic reactions to foods and other substances. 


 
Pinterest's Potential Comes Into Focus

While the pandemic has weakened global ad budgets, Pinterest shares are riding the e-commerce wave to new highs. 


 
RBC Seeks to Pump Up Its AI Models With a New Platform

Its new AI private cloud can analyze more than 13 million client records in under 20 minutes, the bank says. 


 
Infineon Backs Outlook Despite Loss

Infineon reported a net loss of EUR128 million for the third quarter and said the coronavirus continued to have a significant impact on its target markets, but the chipmaker confirmed its guidance for the year. 


 
EasyJet Expects Loss to Narrow

Budget airline easyJet expects to report a smaller loss for the fourth quarter as it flies more passengers, and said it used up GBP774 million cash in the three months to Jun. 30, less than expected. 


 
Texas Hotelier Monty Bennett's Companies Under SEC Investigation

The SEC is investigating companies affiliated with Texas hotelier Monty Bennett, whose companies were among the biggest recipients of federal government bailout money.