Qualcomm Seeks 5G Riches After Bruising Antitrust Battle

Qualcomm's legal victory in a high-stakes battle with the U.S. government raises the opportunity for the smartphone chip giant to enjoy a period of relative calm and growth propelled by rising appetite for new 5G handsets. 


 
Two U.S. Agencies Examining Investments Sold by Crowdfunding Site YieldStreet

Two U.S. agencies are looking into investments sold by YieldStreet, an online platform that pitches itself as giving people the chance to get in on deals usually reserved for the largest investors. 


 
Moderna Inks $1.5 Billion Coronavirus Vaccine Deal With U.S.

Moderna Inc. said Tuesday it agreed to provide the U.S. government 100 million doses of its experimental coronavirus vaccine in exchange for more than $1.5 billion. 


 
Authentic Brands-Simon Venture to Buy Brooks Brothers for $325 Million

A venture backed by apparel-licensing firm Authentic Brands Group and mall owner Simon Property Group has agreed to buy Brooks Brothers Inc. for $325 million. 


 
Kodak Chief Says Company Supports Federal Decision to Halt Loan

CEO Jim Continenza said Kodak supports a federal agency's decision to halt a potential loan to the company, adding that the preliminary deal with the government requires more work. 


 
Hertz Spent $13 Million on Bankruptcy Consulting in Year Before Filing

The rental-car company racked up more than $13 million in bankruptcy-related consulting bills in the year leading up to its chapter 11 filing in May. 


 
Tesla to Enact 5-for-1 Stock Split

Tesla will enact a 5-for-1 stock split after a share-price surge over recent months vaulted the electric-vehicle maker to the status of most-valuable car company as CEO Elon Musk navigated the pandemic. 


 
Liberty to Buy Sunrise Communications

Liberty Global has agreed to buy Sunrise Communications for $5.45 billion in cash, funded from existing resources. 


 
ABN AMRO Launches Corporate Banking Overhaul

ABN AMRO plans to streamline its business and exit all non-European corporate banking activities, as the Dutch bank reported a EUR5 million net loss for the second quarter. 


 
E.ON Cuts Forecasts Despite Profit Rise

Germany's E.ON posted a 32% jump in second-quarter adjusted earnings, boosted by its takeover of Innogy, but revised down its outlook for the year.