China Evergrande Cancels Special Dividend 
 

The indebted property developer's board said the decision reflected the interests of shareholders and creditors and the long-term development of its businesses.

 
SK Hynix Expects Chip Demand to Remain Strong 
 

Going into the second half of 2021, SK Hynix expects demand for NAND flash memory products to increase as more mobile devices adopt high-capacity data storage systems that need more chips.

 
Intel Sets Plan to Again Become World's Premier Chip Company 
 

The semiconductor maker aims to launch a new central processing unit-the brains of the modern computer-every year between 2021 and 2025, part of Intel's planned reboot after falling behind Asian rivals.

 
Ad-Tech Company AdTheorent Nears $1 Billion SPAC Deal to Go Public 
 

The firm would join others in the digital-advertising sector in raising money and going public.

 
Judge Extends Facebook Antitrust Deadline 
 

The Federal Trade Commission now has until Aug. 19 to file an amended antitrust suit against Facebook after the agency's initial bid was dismissed.

 
LVMH Books Higher 1H Revenue, Profit as Fashion Sales Surge 
 

LVMH Moet Hennessy Louis Vuitton's earnings rose sharply in the first half as sales jumped by more than half on the year, driven by the core soft-luxury division.

 
Stagwell, MDC Partners Agree to Merger Following Shareholder Dispute 
 

Shareholders in MDC Partners and Stagwell Media agreed to merge the two advertising and marketing companies after resolving a dispute that had threatened to derail the deal.

 
PerkinElmer Buying BioLegend for $5.25 Billion 
 

The deal is expected to boost PerkinElmer's existing revenue growth and profit margin profile, and add to adjusted earnings a share in the first full year after the closing.

 
Covid-19 Vaccine Pioneer BioNTech Plans Malaria, Tuberculosis Shots 
 

The German company said it would invest some of the profits from the vaccine it markets with Pfizer into developing shots for malaria and tuberculosis in Africa.

 
Aon, Willis Towers Scrap $30 Billion Merger 
 

The Justice Department had alleged the tie-up of insurance brokers would lead to higher prices and reduced innovation for U.S. businesses.

(END) Dow Jones Newswires

July 27, 2021 01:15 ET (05:15 GMT)