Citigroup Reports Higher Earnings, Plans to Trim Consumer Businesses

The New York bank said it would exit its consumer operations in 13 countries, mostly across Asia, to focus on wealth management and other businesses.

 
Delta Reports Quarterly Loss but Says Travel Demand Is Rising

Domestic leisure bookings are rising, but many international markets remain closed and business travelers have been slow to return.

 
Bank of America Profit Doubles

Bank of America posted earnings of $8.05 billion in the first quarter, compared with $4.01 billion a year earlier, when banks began stockpiling rainy-day reserves at the beginning of the pandemic.

 
UnitedHealth Posts Stronger Quarterly Results as Membership Grows

UnitedHealth's total revenue grew by 9% to $70.2 billion in the first quarter, up from $64.4 billion in the same three months a year earlier.

 
Shell to Let Shareholders Vote on Shift to Cleaner Energy

Shell detailed a first-of-a-kind shareholder vote over its pivot away from oil, asking investors to endorse its energy transition strategy in a nonbinding vote next month.

 
Jeff Bezos Says Amazon Needs 'Better Vision' for Employees, Defends Work

Amazon.com Chief Executive Jeff Bezos said the company needs a "better vision" for employees following a recent vote among Alabama warehouse workers who rejected unionization.

 
Rite Aid Beats 4Q Consensus Estimate For Revenue

Rite Aid said some consumers continued to delay elective health procedures and prescriptions due to the coronavirus in the fourth quarter, affecting results as the drugstore chain works to distribute Covid-19 vaccines.

 
PepsiCo's Earnings Beat Forecasts. The Stock Is Inching Higher.

The big food-and-beverage company maintained its financial forecasts but told investors not to expect any more share buybacks this year.

 
TSMC Sets Up for Soaring Chip Demand

Taiwan Semiconductor Manufacturing, the world's largest contract chip maker, said it would increase its investment budget and raise its revenue growth forecast for 2021.

 
BlackRock Profit Jumps on Broader Pandemic Recovery

The world's largest money manager posts a profit of $1.2 billion and sees assets under management rise to $9 trillion.

(END) Dow Jones Newswires

April 15, 2021 11:15 ET (15:15 GMT)

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