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News Highlights: Top Company News of the Day

08/07/2022 | 09:16pm EDT
UPS Nears Deal to Buy Italian Healthcare-Logistics Provider Bomi Group 
 

The acquisition would broaden the Atlanta-based transportation giant's operations in Europe and Latin America.

 
CVS Plans to Bid for Signify Health 
 

CVS is seeking to buy Signify Health, according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services.

 
Oz Minerals Rejects BHP Takeover Proposal 
 

UPDATED: Oz Minerals rejected a nonbinding takeover proposal from BHP Group that values the Australian copper-and-gold mining company at almost $5.8 billion, calling the approach highly opportunistic following a fall in copper prices.

 
Ad Slowdown Spreads Beyond Tech to TV Networks, Publishers 
 

The advertising outlook has become increasingly dim in recent weeks amid signs that rising inflation is beginning to affect consumer spending.

 
Ben & Jerry's to Take On Owner Over Israeli Business 
 

A New York court is set to hear the ice-cream brand's request to block its parent company, Unilever, from selling Ben & Jerry's Israeli business in what lawyers say is a first-of-its-kind case.

 
How One Grocery Chain Is Preparing for a Downturn 
 

Pennsylvania-based Karns Foods said it is readjusting prices weekly and dropping some products as consumers become more cost-conscious and recession fears grow.

 
Eli Lilly, Cummins Speak Out Against Indiana's Abortion Ban 
 

The companies say the state's new restrictions could affect where they add staff; covering travel "may not be enough" to retain talent, Lilly says.

 
Shale Drillers Warn of Higher Costs as They Report Record Profits 
 

Many companies in the oil patch are boosting their budgets to cope with labor shortages and soaring prices of raw materials and services.

 
Berkshire Hathaway's Earnings Fall, Hurt by Market Volatility 
 

The company posted a loss of $43.8 billion, compared with a profit of $28.1 billion in the year-earlier period.

 
Judge in Twitter, Elon Musk Case Known for Quick Work 
 

Kathaleen McCormick, a football-coach's daughter who quotes Knute Rockne, has ordered buyers with cold feet to close deals.


(END) Dow Jones Newswires

08-07-22 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.13% 37.25 Delayed Quote.13.36%
LONDON BRENT OIL 2.90% 88.78 Delayed Quote.7.68%
OZ MINERALS LIMITED -1.67% 25.31 Delayed Quote.-8.79%
SIGNIFY HEALTH, INC. 0.27% 29.18 Delayed Quote.104.64%
TESLA, INC. -0.11% 282.845 Delayed Quote.-19.68%
UNILEVER PLC -0.33% 4065 Delayed Quote.3.37%
WTI 3.52% 81.429 Delayed Quote.4.16%
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