REFILE-Alphabet trounces profit estimates on ad sales surge

(Corrects spelling of advertisements in first paragraph) July 23 (Reuters) – Alphabet Inc beat Wall Street estimates for second quarter profit on Monday as it benefited from soaring sales of online advertisements, sending shares 6 percent higher in trading after the bell. 

Nike to raise wages for thousands of employees

July 23 (Reuters) – Nike Inc said on Monday it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives. 

Former UAW official pleads guilty in corruption probe

DETROIT, July 23 (Reuters) – A former United Auto Workers official who served on the union committee that negotiated a 2015 labor pact with Fiat Chrysler Automobiles NV pleaded guilty on Monday to conspiring to make illegal payments to union officials, prosecutors said. 

UPDATE 6-Halliburton shares plunge on Permian growth worries

(Adds market share data from Primary Vision) By Liz Hampton and John Benny July 23 (Reuters) – Shares of oilfield services provider Halliburton fell by more than 8 percent on Monday after the company warned of moderate growth in the oil and gas-rich Permian Basin and lower third-quarter earnings. 

UPDATE 3-Tesla says supplier discount request was for ongoing projects

(Recasts throughout with Tesla’s response) By Vibhuti Sharma July 23 (Reuters) – Tesla said on Monday that it had asked a small number of suppliers to cut prices on ongoing, long-term projects to improve its future cash flow, after a media report about a discount request sent shares of Tesla down as much as 6.6 percent.