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News Highlights: Top Company News of the Day

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07/28/2020 | 11:16pm EDT
Mondelez Is Stung by Coronavirus Lockdowns in Emerging Markets 

The food maker reported a 2.5% drop in second-quarter revenue even as its sales in North America surged.

L Brands Preparing to Cut 15% of Its Corporate Jobs 

L Brands Inc. said it plans to lay off about 850 corporate employees, or about 15% of the jobs at its home office, the latest restructuring at the embattled retail company.

Chip Maker AMD Raises Sales Outlook as Intel Battle Heats Up 

Advanced Micro Devices reported higher second-quarter earnings and lifted its full-year sales forecast, driven by growing demand for a new generation of high-performing processors.

Visa Profit Falls on Lower Payments Volume 

A drop in payments activity pushed Visa earnings down 23% in the quarter that ended in June.

Big Tech to Appear Before Congress on Wednesday 

Amazon, Apple, Facebook and Google will come under the glare of a national spotlight, as their CEOs face questions from members of Congress aiming to rein in what they believe is excessive power in the hands of a few giant companies.

Technology Companies See Stronger Results: Earnings at a Glance 

Advanced Micro Devices, Akamai Technologies and Seagate Technology were among companies reporting improved quarterly earnings despite headwinds from the Covid-19 pandemic.

Starbucks Logs Another Sales Hit From Coronavirus 

The coffee giant reported its steepest earnings-per-share losses in more than a decade as a result of lower sales and higher costs stemming from the pandemic.

Gucci's Sales Fell 34% in First Half 

Gucci's sales and operating profit in the first half were hit hard by global lockdowns imposed to fight the coronavirus pandemic.

CES Will Be Online Only in 2021, Opting Against Las Vegas Showcase 

CES, the world's largest consumer-electronics exhibition, is going to be virtual in 2021, a move that illustrates growing concern among businesses that the coronavirus will pose public health risks well into next year.

In This Market, McDonald's Is a Value Meal 

Though the fast-food chain is far from a full recovery, its shares looks reasonably priced.


Stocks mentioned in the article
ChangeLast1st jan.
ADVANCED MICRO DEVICES, INC. 0.28% 79.42 Delayed Quote.73.18%
AKAMAI TECHNOLOGIES, INC. -0.94% 108 Delayed Quote.25.03%
ALPHABET INC. 1.30% 1606.66 Delayed Quote.19.95%
APPLE INC. -0.96% 115.75 Delayed Quote.57.67%
FACEBOOK INC -0.22% 278.12 Delayed Quote.35.50%
INTEL CORPORATION 0.75% 53.9 Delayed Quote.-9.94%
L BRANDS, INC. 5.34% 33.9 Delayed Quote.87.09%
MCDONALD'S CORPORATION 0.42% 229.15 Delayed Quote.15.96%
SEAGATE TECHNOLOGY PLC 0.19% 51.79 Delayed Quote.-12.96%
STARBUCKS CORPORATION 1.23% 89.36 Delayed Quote.1.64%
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