News Corp Revenue Rises on Real Estate and Publishing Growth

News Corp reported 3% revenue growth for the quarter that ended in March, driven by positive foreign-exchange fluctuations, plus solid growth at the company's digital real estate, book publishing and Dow Jones units.

 
Peloton Is No Nike

The company's shares have traded on a fantasy that might not stand the test of time.

 
Cash App Is King at Square

The digital wallet's gross profit more than doubled in the first quarter, besting Square's seller business.

 
AMC Says Moviegoers Are Returning

The theater chain said it drew nearly seven million customers in the first quarter and that most of its U.S. locations were in operation as of the end of April.

 
Bill.com Is Buying Divvy for $2.5 Billion

The boards of the two fintechs have approved the deal, which is expected to close by the end of Bill.com's first fiscal quarter ending Sept. 30.

 
Roku Reports 79% Jump in Revenue in Latest Quarter

The streaming-media service continued to see a boost from homebound customers consuming more entertainment content during the pandemic.

 
PayPal Wants More Customers to Pay Using Crypto Assets

PayPal is looking to expand its lucrative business of enabling customers to pay merchants with crypto assets, but the digital payments company doesn't yet plan to invest in these assets, Chief Financial Officer John Rainey said.

 
AIG's Profit Rises on Premium Growth, Investment Gains

The results mark a turnaround for the insurer's property-and-casualty unit, which had delivered poor results for years.

 
Macquarie Full-Year Profit Rises

Macquarie Group Ltd., Australia's biggest investment bank and asset manager, reported a 10.4% rise in annual profit, driven by a strong result in its markets unit including commodities.

 
The Athletic Halts Merger Talks With Axios, Eyes New York Times

The sports-media outlet is no longer in discussions with news publisher Axios, people familiar with the matter said, but it is still pursuing a tie-up deal and sees the Times as a top contender.

(END) Dow Jones Newswires

May 06, 2021 23:15 ET (03:15 GMT)

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