Disney Adds Fewer-Than-Expected Disney+ Subscribers 
 

Walt Disney Co. added 8.7 million Disney+ subscribers in the second quarter, and its parks segment logged an operating loss as the company faces an economy trying to emerge from the Covid-19 pandemic.

 
Airbnb's Bookings Improve, Revenue Recovers 
 

Company officials have said they are seeing gradual business improvement as people appear more willing to book stays, as well as an uptick in local travel.

 
DoorDash's Revenue Triples Amid Sustained Demand for Food Delivery 
 

The food-delivery service's loss narrowed but missed analysts' estimates.

 
Canadian National Expected to Sweeten Kansas City Southern Bid 
 

The revised proposal could include a pledge to cover the $700 million breakup fee, according to people familiar with the matter.

 
Coinbase Profit Surges in Exchange's First Report as Public Company 
 

Its first-quarter top- and bottom-line figures represent records for the company, which was founded in 2012 and is the largest bitcoin exchange in the U.S.

 
Hear.com Postpones IPO Because of Choppy Stock Market 
 

The hearing-care services provider postponed its offering over market volatility concerns, the latest company to delay a planned debut.

 
Amazon Adding 75,000 Workers 
 

Amazon.com is hiring 75,000 workers and offering $1,000 signing bonuses in some locations, the latest hiring spree in what has been a year of tremendous growth.

 
Alibaba Posts First Loss Since Going Public After Antitrust Fine 
 

The Chinese e-commerce giant's result was hit by a record antitrust fine imposed by China's market regulator. It said it plans to invest future profits into warding off competition.

 
McDonald's Raises Pay for U.S. Restaurant Workers 
 

McDonald's said it would increase pay for employees at company-owned restaurants in the U.S., one of the latest companies to bolster wages and benefits as they struggle to hire workers.

 
Avance Eyes Increase of Debut Fund Cap to $1 Billion 
 

The firm began marketing its debut fund in the midst of the coronavirus pandemic and was advised to set a lower target of $500 million with an initial cap of $850 million, Mark Evans, principal investment officer at the Connecticut Retirement Plans and Trust Funds, said at the pension system's investment advisory council meeting on Wednesday.

(END) Dow Jones Newswires

May 13, 2021 17:15 ET (21:15 GMT)

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