Facebook Faces Ruling on EU-U.S. Data Flows 
 

The social-media company and other tech giants are awaiting an Irish ruling that could help determine whether, and how quickly, they have to suspend the flow of data about European Union residents to the U.S.

 
Software Industry Awaits Details on Biden's Order to Report Hacks 
 

The obligations represent a shift for the private sector, which has resisted such requirements for fear of financial and reputational damage resulting from the release of sensitive information about breaches.

 
U.K. Launches Fraud Probe Into Greensill-Linked Steel Firm 
 

Britain's Serious Fraud Office said it is investigating suspected fraud and money laundering at metals magnate Sanjeev Gupta's GFG Alliance, as well as its financing arrangements with bankrupt lender Greensill Capital.

 
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.

 
Disney Adds Fewer Streaming Subscribers Than Hoped 
 

Walt Disney 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.

 
Amazon, McDonald's, Others Woo Scarce Hourly Workers 
 

Large U.S. employers of lower-wage workers are raising pay and adding perks, with Amazon set to add 75,000 employees and offer signing bonuses and McDonald's boosting wages at company-owned restaurants.

 
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 Takes Lead in Bidding for Kansas City Southern 
 

Canadian railroad agreed to add more stock to its proposal and cover a $700 million breakup fee.

 
Honda Net Profit Surges as North America Business Rebounds 
 

Honda Motor posted a net profit in its fourth quarter thanks to a broad operational improvement, especially in North America, as its business continued to recover from the Covid-19 pandemic.

 
 

(END) Dow Jones Newswires

May 14, 2021 09:00 ET (13:00 GMT)

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