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.

 
Walmart Deal Shows Expansion in Telehealth, New Front With Amazon

Walmart said it purchased telehealth provider MeMD, another sign that the retail giant aims to expand its healthcare business and open up a new front with Amazon.com.

 
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.

 
Cash App Is King at Square

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

 
Barclays Activist Investor Sells Entire Stake

Edward Bramson's Sherborne Investors said it sold its entire stake in Barclays, giving up on a yearslong activist campaign to restructure the bank.

 
Siemens Raises Guidance as Second-Quarter Tops Forecasts

Siemens posted better-than-expected second quarter results, thanks to the improved performance of its industrial business and upgraded its profit outlook for the year.

 
BMW Backs Outlook Despite Ongoing Uncertainties

BMW confirmed its outlook for the full year but couldn't rule out negative effects from the coronavirus pandemic and the rising cost of raw materials weighing on earnings.

 
IAG Losses Narrow But No Quick Return to Capacity

IAG reported a lower operating loss of EUR1.07 billion for the first quarter but cautioned that it only expects 25% passenger capacity during the next three months, as travel restrictions continue to weigh.

 
Adidas Guides for Higher Sales

Adidas raised its sales outlook for 2021 and confirmed its net income target, after reporting increased profits and revenue in the first quarter.

(END) Dow Jones Newswires

May 07, 2021 07:15 ET (11:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.