Occidental: Anadarko Casts a Long Shadow
Occidental Petroleum's startling loss last quarter shows it will take a while for the company to shift the narrative away from the story of its outsized Anadarko acquisition.
HD Supply to Sell Its White Cap Unit to Clayton Dubilier & Rice for $2.9 Billion
The private-equity firm will combine the carved-out White Cap business with Construction Supply Group, a Sterling Group company.
Airbnb Plans to File Confidentially for IPO in August
Airbnb plans to file IPO paperwork with the Securities and Exchange Commission later this month, laying the groundwork for a potential listing before the end of the year, according to people familiar with the matter.
Court Throws Out Antitrust Ruling Against Qualcomm
A federal appeals court threw out a trial judge's antitrust judgment against Qualcomm, ruling the federal government hadn't shown the chip maker engaged in illegal monopolization.
High-Speed Trader Virtu Discloses $6.9 Million Hacking Loss
Virtu Financial is suing Axis Insurance to get the insurer to cover the May loss, in which fake emails were used to send fraudulent wire transfers to bank accounts in China.
Meal Kits, Mattresses In Demand Amid Pandemic: Earnings at a Glance
As Covid-19 restrictions kept more people at home, companies that make household items from meal kits to mattresses reported improved financial results.
Facebook Removed Nearly 40% More Terrorist Content in Second Quarter
The social-media giant said the increase was driven by improvements in its detection efforts.
GM Financial Chief Steps Down in Surprise Departure
General Motors Chief Financial Officer Dhivya Suryadevara will leave the auto maker for online commerce firm Stripe, a surprising departure for one of the auto maker's fastest-rising stars.
Kodak Insider Makes Well-Timed Stock Gift of $116 Million to Religious Charity He Started
Board member George Karfunkel's donation, made the same day Kodak's stock peaked, will benefit a Jewish charity he started two years ago.
SoftBank Starts Comeback With $12 Billion Profit, Helped by Sprint Sale
The technology investor recorded a profit of nearly $12 billion in the April-June quarter as gains from disposing former unit Sprint helped it bounce back from its worst year ever.
