News Highlights: Top Company News of the Day
18 May 2021 - 5:15PM
Dow Jones News
AT&T to Combine WarnerMedia Assets With Discovery
The deal would merge the telecom giant's media assets, including
CNN and HBO, into a new company, unwinding AT&T's big bet on
entertainment after less than three years.
Kodak Says New York Attorney General Has Threatened Lawsuit
The company said the New York attorney general has threatened to
sue the company and its CEO over a series of stock purchases made
by the executive ahead of a planned $765 million deal with the U.S.
government.
Bouygues, Bertelsmann Plan TV Tie-Up
Bouygues has entered exclusive talks over a merger between its
broadcaster TF1 and RTL-owned M6, part of the Bertelsmann media
empire.
Vivendi Mulls Further UMG Stake Sale
Vivendi said it's considering selling a further 10% stake in
Universal Music and plans a new governance structure for the music
giant ahead of its spinoff and listing in September.
Generali First-Quarter Tops Expectations
Generali posted strong first-quarter results, with an 11% rise
in operating profit and confirmed its targets for earnings growth,
dividends and profitability.
Vodafone Misses Forecasts With 1.2% Earnings Fall
Vodafone reported lower full-year adjusted earnings of EUR14.39
billion, slightly under forecasts and said it expects to drive
returns in the medium term through efficiency and growth.
Credit Suisse Faces Banker Exodus After $5.5 Billion Archegos Hit
At least 10 managing directors in the Swiss firm's U.S.
investment-banking division have internally disclosed plans to
leave, most for rival firms.
Fisker Reports Wider Loss
Fisker Inc. reported a wider March quarter net loss as the
electric-vehicle maker ramps up operations to start production of
its first model in late 2022.
Citi Has Hired 650 Wealth Professionals for Asia Operations in 2021
Citigroup has hired around 650 wealth professionals for its
Asia-Pacific operations this year, part of a strategy focused on
Hong Kong and Singapore to boost regional client assets by $150
billion in the coming years.
EBay Hires JetBlue CFO to Lead Its Finances
The appointment of Steve Priest ends a long search at the
e-commerce platform. He will join the company on June 21.
(END) Dow Jones Newswires
May 18, 2021 03:00 ET (07:00 GMT)
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