News Highlights: Top Company News of the Day
May 13 2021 - 7:30AM
Dow Jones News
FAA Approves Boeing 737 MAX Electrical Fixes
Boeing received approval from U.S. air-safety regulators for
fixes to an electrical problem that has grounded more than 100 of
its 737 MAX jets, the company and a Federal Aviation Administration
official said.
Poshmark and RealReal's Half-Off Sale
The online used-apparel sellers debuted on the public markets
with much excitement but are priced more realistically now.
Elon Musk Says Tesla Suspends Accepting Bitcoin for Vehicle Purchases
Tesla chief says bitcoin will be used for transactions "as soon
as mining transitions to more sustainable energy."
Apple Parts With Executive Over Comments About Women
Apple parted ways with a prominent advertising-technology
executive weeks after hiring him, following complaints from some
employees about passages in a memoir about his time in a prior job
at Facebook that they deemed sexist and misogynistic.
Ethereum Luminary Makes $1 Billion Covid-19 Donation in Shiba Inu Coin
The alternative cryptocurrency used by Vitalik Buterin in his
contribution is piggybacking off the popularity of dogecoin.
Bumble's Debut Has Been a Buzz Kill
The dating app's banter hasn't delivered the picture it sold in
its initial public offering.
Insight Partners Backs Government Technology Provider CivicPlus
The provider of websites and other technology to local
governments has received a $290 million cash infusion from the
investment firm.
Disney Results Offer Snapshot of Post-Covid Behavior, 'WandaVision' Effect
Expect an update on Disney+ sign-ups and signals from the
pandemic recovery in the entertainment giant's earnings.
Rolls-Royce Confident on Outlook, Sticks to Guidance on Cashflow
Rolls-Royce said it expects to turn free cashflow positive at
some point during the second half, as engine flying activity
recovers and cost savings are delivered.
BT Profits Miss Hopes, to Explore Fiber Joint Venture
BT forecast flat revenue for fiscal 2022 and underlying earnings
of GBP7.7 billion at best, after reporting below-consensus fourth
quarter profits, but said it aimed to extend its fiber broadband
network through a joint venture with other parties.
(END) Dow Jones Newswires
May 13, 2021 07:15 ET (11:15 GMT)
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