Snowflake Poised to Price IPO Above Expected Range With Valuation Topping $30 Billion

Strong demand for shares of the company, which offers businesses cloud-based data management, could make it the biggest technology issue so far this year. 


 
Kraft Heinz to Sell Part of Cheese Business for $3.2 Billion

The struggling U.S. food company agreed to sell a big chunk of its cheese business to France's Groupe Lactalis as it seeks to jump-start growth in its other businesses. 


 
Citigroup Gives Wall Street a Sobering Message

The bank's need to spend to upgrade risk systems and downbeat economic comments make it hard to bet on a turnaround for the beaten-up stock. 


 
National Security Panel to Meet on Oracle-TikTok Deal Tuesday

A panel of national security regulators is set to review Oracle's bid to become the U.S. technology partner for the Chinese-owned TikTok video-sharing app, with an eye toward a Sept. 20 deadline. 


 
Molson Coors Forms Joint Venture to Brew and Sell Yuengling Beers

Molson Coors Beverage is forming a joint venture with family-owned D.G. Yuengling & Son to start brewing and selling Yuengling beer beyond the East Coast, as both companies search for growth amid the Covid-19 pandemic. 


 
Kraft Heinz Plans $2 Billion in Cost Cuts

The company is planning the cuts over five years, returning to the strategy that drove its formation in a merger five years ago. The food giant has logged higher sales during the coronavirus, but analysts say it has lost market share. 


 
ViacomCBS's 'Paramount+' to Join Streaming Skirmish

ViacomCBS said it plans to launch an expanded version of its flagship streaming service early next year, leveraging the catalog of programs created by last year's merger of Viacom and CBS. 


 
H&M's Coronavirus Recovery Beats Expectations

The Swedish fashion retailer said its recovery from the pandemic-led slump in retail had been better than predicted, prompting shares in the company to soar 12%. 


 
Germany Boosts Investment in Covid-19 Vaccine Research

The German government said it would pour $891 million in grants into three local companies developing coronavirus vaccines, as nations race to develop an inoculant that would halt the spread of the pandemic. 


 
Omnicom Shakes Up Media-Agency Ranks Amid Pandemic

Omnicom Group named new leaders at its PHD and Hearts & Science media-buying agencies as the advertising holding company confronts changes including shifting consumer habits.