MetLife, Allstate Post Strong Gains in Adjusted Earnings

The Covid-19 pandemic's impact on the insurance industry hasn't been as bad as feared.

 
Fox to Acquire Clay Travis's Outkick Media

While best known for its irreverent takes on sports news, in recent years Outkick Media has featured more content focused on political and social issues.

 
Uber's First Quarter Shows Food Delivery's Continuing Strength

Uber Technologies' first-quarter bookings rose despite weak demand for its ride-sharing service, as sustained growth in its food-delivery business offset the slump in its core operations.

 
Puma Promotes Insider to CFO as Company Projects Growth

The German sportswear maker said Wednesday Hubert Hinterseher would take over from current CFO Michael Lämmermann on June 1. Mr. Lämmermann plans to retire after 28 years with the company, including the past eight years as finance chief, but will stay on as an adviser until the end of the year, Puma said.

 
Toys 'R' Us Creditors Call for Jury Trial on Executive Stay Pay

Bonuses for leaders who agree to stick around while their companies went under are becoming increasingly popular, despite the rules against them.

 
Moderna Says Its Covid-19 Booster Shots Show Promise Against Variants

The booster doses increased the immune responses against two variants of concern in an early study.

 
Google Adopts Hybrid Workweek, With 20% of Its Employees to Work Remotely

Google is adopting a hybrid workweek, allowing 20% of employees to work remotely, according to a company email, with most employees spending three days in the office and two days working elsewhere.

 
Car Companies' Profits Have Outrun the Chip Shortage-but Not for Long

The worsening supply crunch of computer chips threatens to dampen summer sales for the auto industry.

 
Audax Collects $1.85 Billion for New Debt Fund

Audax Private Debt, the debt financing unit of multistrategy investment firm Audax Group, has closed on $1.85 billion for its fifth mezzanine fund to target private-equity backed midmarket businesses.

 
Hellman & Friedman Nears Deal to Buy At Home Group

Private-equity firm Hellman & Friedman LLC is nearing a deal to buy At Home Group Inc., according to people familiar with the matter, in a move that would take the home-decor retailer private.

(END) Dow Jones Newswires

May 05, 2021 21:15 ET (01:15 GMT)

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