Disney Adds Fewer Streaming Subscribers Than Hoped

Walt Disney Co. added 8.7 million Disney+ subscribers in its fiscal 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 Has Mo Money, Mo Problems

Returning demand appears to be creating a supply problem, and one that is uniquely acute for Airbnb.

 
DoorDash's Revenue Triples Amid Sustained Demand for Food Delivery

The food-delivery service's loss for the three months through March 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, Zenvia Postpone IPOs Because of Choppy Stock Market

The hearing-care services provider and the communication-technology company each delayed their offerings over market volatility concerns, the latest signs of cooling for the U.S. IPO market.

 
Smart & Final to Be Sold to Mexican Retail Giant

Grupo Comercial Chedraui plans to buy the grocer for more than $600 million.

 
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.

(END) Dow Jones Newswires

May 13, 2021 19:15 ET (23:15 GMT)

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