$Intel Corporation(.HK)$ in Talks to Buy GlobalFoundries for About $30 Billion
A deal for chip maker GlobalFoundries would be Intel's largest acquisition. It comes as Intel is launching a major push to become a chip manufacturer for other companies.
$LM Ericsson Telephone Co(ERIC.US)$ Lands $Verizon Communications Inc(VZ.US)$ Deal But Cautions on China SalesEricsson announced an $8.3 billion multiyear 5G deal from Verizon as it posted a second-quarter net profit that beat expectations, but cautioned that delayed 5G deployments in China weighed on sales.
Richemont Sales More Than Double
Richemont said its sales surged to EUR4.4 billion in the first quarter, driven by strong demand for jewelry and watches and growth in the Americas.
$PUMA SE ADR(PUMSY.US)$ Raises Outlook as Sales Jump
Puma upgraded its revenue and earnings guidance for the year after second-quarter sales almost doubled to EUR1.6 billion, helping the sporting-goods company post an operating profit.
$DiDi Global Inc.(DIDI.US)$ Faces a Cybersecurity Probe From Officials in China
China sent state security and police officials to Didi Global's ride-hailing business as a part of a cybersecurity investigation, escalating a regulatory saga that has gripped China's tech industry.
Foxconn Partner Byton Faces Challenge for Bankruptcy
A creditor of Chinese electric-car startup Byton filed a court petition for the embattled company's bankruptcy on Monday, a local court record showed.
Three Large Hospitals Won't Give New Alzheimer's Drug
The Cleveland Clinic, Mount Sinai Health System and Providence said they won't administer $Biogen Inc(BIIB.US)$'s drug for Alzheimer's disease while its effectiveness is under debate.
ServiceMax to Go Public in $1.4 Billion SPAC Deal
Field-service software company backed by Silver Lake, Salesforce and GE to merge with Pathfinder Acquisition, the companies said.
$CVS Health Corp(CVS.US)$ Pulls Two Sun-Care Products After Neutrogena Sunscreen Recall
The drugstore chain says it will stop selling two CVS brand sun-care products out of caution.
(END) Dow Jones Newswires
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