China Telecom Plans to Raise Over $7 Billion in Shanghai Offering

China Telecom Corp. is seeking to raise more than $7 billion via a share offering in Shanghai, which if successful will be the biggest such fundraising in the country so far this year. 


 
Spirit CEO Apologizes as Airline Cancels Half of Thursday Flights

The budget carrier has canceled over 1,700 flights since Sunday. 


 
News Corp Posts 30% Revenue Jump, Narrower Loss

News Corp reported a 30% increase in revenue to $2.49 billion for the June quarter, fueled by gains in its digital real-estate, book-publishing and Dow Jones units, as its net loss narrowed to $14 million from $397 million. 


 
Novavax Delays Seeking U.S. Approval for Covid-19 Vaccine

Novavax said it would delay seeking U.S. emergency authorization for its Covid-19 vaccine until the fourth quarter as it works to complete the manufacturing portion of its application. 


 
Zynga Warns Pandemic Lift Is Ending for Videogame Companies

Zynga Inc., the mobile game company behind franchises such as FarmVille, said its audience declined more than expected late in the second quarter and lowered its full-year forecast for bookings, a key indicator of sales 


 
AIG Swings to Profit on Private-Equity Investments, Premium-Rate Increases

The global insurance conglomerate was helped by the absence of pandemic-related charges. 


 
WPP Raises Revenue Forecast as Clients Boost Digital Spending

The advertising company returned to pre-pandemic growth rates a year earlier than expected as clients boosted spending on digital marketing and e-commerce. 


 
Beyond Meat Reports Wider Quarterly Loss

Beyond Meat reported a wider quarterly loss on higher operating expenses, but the foodservice business returned to growth, helping drive revenue gains. 


 
Apple's Plans to Have iPhones Detect Child Pornography Fuel Debate

The system will use new techniques in cryptography and artificial intelligence to identify child sexual abuse material. Some critics worry it weakens privacy protections. 


 
Groupon stock rockets after upbeat earnings

Shares of Groupon Inc. were up more than 16% in after-hours trading Thursday after the company easily exceeded earnings expectations.

(END) Dow Jones Newswires

08-06-21 0115ET