3M Nears Roughly $5.5 Billion Settlement to Resolve Earplugs Complaints
The litigation over hearing-loss complaints ranks as the largest mass tort in U.S. history, with more than 300,000 claims.
China Evergrande’s First-Half Net Loss Narrowed
China Evergrande Group, the world’s most indebted developer, narrowed its first-half loss significantly mainly due to an absence of impairment loss on investments.
XPeng Shares Rise on Strategic Partnership with DiDi
XPeng’s shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi Global.
Fortescue’s Iron Ore CEO Departs; Annual Profit Falls
Fortescue Metals Group said the chief executive of its metals business has stepped down after six months at the helm, as it reported a 23% fall in annual profit, partly tied to a large write-down.
BYD Electronic Plans Acquisition Worth Nearly $2.2 Billion
UPDATED: BYD Electronic plans to buy NYSE-listed Jabil Inc.’s mobile-electronics manufacturing business for nearly $2.2 billion to expand its smartphone components footprint.
Sinopec’s First-Half Profit Fell on Weak Demand
The company attributed a decline in revenue to lower prices for crude oil, refined oil products and chemical products and lower sales volume of petrochemical products.
Tsingtao’s Profit Rises on Consumption Recovery
Tsingtao Brewery’s first-half net profit rose 20.1%, mainly supported by higher beer sales and cost controls.
This Company Is Nvidia’s AI Chip Partner-and Its Stock Is Soaring
SK Hynix has long been a major player in the boom-and-bust world of memory chips, but it hasn’t historically been viewed as an industry pioneer.
Utilities Face a Growing Dilemma: Shut Off Power or Risk Wildfires
As wildfire risk spreads from Oregon to Hawaii, utilities weigh whether to leave customers in the dark when winds pick up.
Big Manufacturers Try Crowdfunding to Market-Test Products
GE Appliances and others seek customer feedback and payment in advance to help validate a concept.
Source: Dow Jones Newswires