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News Highlights: Top Company News of the Day

07/29/2021 | 09:16pm EDT
China Telecom Plans Shanghai Listing 

China Telecom Corp. is moving to sell billions of dollars worth of shares in Shanghai as the telecom carrier turns to its home market for funds.

Procter & Gamble CEO David Taylor to Step Aside 

He will be succeeded on Nov. 1 by his top deputy, Jon Moeller, who has been P&G's finance chief and was promoted to chief operating officer.

Robinhood's Stock Price Falls After IPO 

The company's stock closed down 8.4% in its trading debut after pricing its shares at the bottom of its targeted range.

National Australia Bank Plans On-Market Share Buyback 

National Australia Bank plans a A$2.5 billion on-market share buyback and to purchase shares on-market alongside its dividend reinvestment plan.

Origin Energy Flags $1.67 Billion in Noncash Charges 

Origin Energy Ltd. expects to log noncash charges totaling almost $1.67 billion after tax, tied in part to a weaker outlook for electricity prices.

MyPillow to Pull Ads From Fox News 

Mike Lindell, CEO of MyPillow, says Fox News refused to run an ad promoting an event linked to claims of widespread election fraud.

Boeing Space Flight Postponed After Mishap at Space Station 

Boeing's Starliner space capsule was slated for launch Friday afternoon.

FDA Lets Pharmacies Substitute Branded Insulin With Knockoff Product 

For the first time, U.S. regulators have said that a biosimilar version of a biologic drug is interchangeable with its branded equivalent.

Pinterest Shares Fall as U.S. Monthly Average Users Decline 

Revenue totaled $613.2 million, compared with $272.5 million a year earlier.

Johnson & Johnson Agrees to Standstill Over Talc Bankruptcy Dispute 

Johnson & Johnson has agreed to a temporary standstill in a dispute with personal injury claimants who allege its talc-based baby powder products caused cancer and who seek to prevent the company from pursuing a potential strategy for containing its talc liabilities through a possible bankruptcy.

(END) Dow Jones Newswires

07-29-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA TELECOM CORPORATION LIMITED -1.53% 2.58 End-of-day quote.20.00%
DJ INDUSTRIAL -1.78% 33970.47 Delayed Quote.13.00%
FOX CORPORATION -1.54% 37.13 Delayed Quote.27.51%
NATIONAL AUSTRALIA BANK LIMITED -1.97% 27.34 End-of-day quote.20.97%
ORIGIN ENERGY LIMITED -2.05% 4.3 End-of-day quote.-9.66%
PINTEREST, INC. -4.13% 52.51 Delayed Quote.-20.32%
PROCTER & GAMBLE COMPANY -1.00% 142.89 Delayed Quote.2.70%
ROBINHOOD MARKETS, INC. -3.96% 40.7 Delayed Quote.0.00%
THE BOEING COMPANY -1.81% 209.5 Delayed Quote.-0.33%
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