News Highlights: Top Company News of the Day
14 May 2021 - 7:30AM
Dow Jones News
Disney Adds Fewer-Than-Expected Disney+ Subscribers
Walt Disney Co. added 8.7 million Disney+ subscribers in the
second quarter, and its parks segment logged an operating loss as
the company faces an economy trying to emerge from the Covid-19
pandemic.
Airbnb's Bookings Improve, Revenue Recovers
Company officials have said they are seeing gradual business
improvement as people appear more willing to book stays, as well as
an uptick in local travel.
DoorDash's Revenue Triples Amid Sustained Demand for Food Delivery
The food-delivery service's loss narrowed but missed analysts'
estimates.
Canadian National Expected to Sweeten Kansas City Southern Bid
The revised proposal could include a pledge to cover the $700
million breakup fee, according to people familiar with the
matter.
Coinbase Profit Surges in Exchange's First Report as Public Company
Its first-quarter top- and bottom-line figures represent records
for the company, which was founded in 2012 and is the largest
bitcoin exchange in the U.S.
Hear.com Postpones IPO Because of Choppy Stock Market
The hearing-care services provider postponed its offering over
market volatility concerns, the latest company to delay a planned
debut.
Amazon Adding 75,000 Workers
Amazon.com is hiring 75,000 workers and offering $1,000 signing
bonuses in some locations, the latest hiring spree in what has been
a year of tremendous growth.
Alibaba Posts First Loss Since Going Public After Antitrust Fine
The Chinese e-commerce giant's result was hit by a record
antitrust fine imposed by China's market regulator. It said it
plans to invest future profits into warding off competition.
McDonald's Raises Pay for U.S. Restaurant Workers
McDonald's said it would increase pay for employees at
company-owned restaurants in the U.S., one of the latest companies
to bolster wages and benefits as they struggle to hire workers.
Avance Eyes Increase of Debut Fund Cap to $1 Billion
The firm began marketing its debut fund in the midst of the
coronavirus pandemic and was advised to set a lower target of $500
million with an initial cap of $850 million, Mark Evans, principal
investment officer at the Connecticut Retirement Plans and Trust
Funds, said at the pension system's investment advisory council
meeting on Wednesday.
(END) Dow Jones Newswires
May 13, 2021 17:15 ET (21:15 GMT)
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