News Highlights: Top Company News of the Day
May 14 2021 - 9:30AM
Dow Jones News
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 09:15 ET (13:15 GMT)
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