News Highlights: Top Company News of the Day
Citigroup Reports Higher Earnings, Plans to Trim Consumer Businesses
The New York bank said it would exit its consumer operations in
13 countries, mostly across Asia, to focus on wealth management and
Delta Reports Quarterly Loss But Says Travel Demand Is Rising
Domestic leisure bookings are rising, but many international
markets remain closed and business travelers have been slow to
Bank of America Profit Doubles
Bank of America posted earnings of $8.05 billion in the first
quarter, compared with $4.01 billion a year earlier, when banks
began stockpiling rainy-day reserves at the beginning of the
UnitedHealth Posts Stronger Quarterly Results as Membership Grows
UnitedHealth's total revenue grew by 9% to $70.2 billion in the
first quarter, up from $64.4 billion in the same three months a
Rite Aid Beats 4Q Consensus Estimate For Revenue
Rite Aid said some consumers continued to delay elective health
procedures and prescriptions due to the coronavirus in the fourth
quarter, affecting results as the drugstore chain works to
distribute Covid-19 vaccines.
TSMC Sets Up for Soaring Chip Demand
Taiwan Semiconductor Manufacturing, the world's largest contract
chip maker, said it would increase its investment budget and raise
its revenue growth forecast for 2021.
BlackRock Profit Jumps on Broader Pandemic Recovery
The world's largest money manager posts a profit of $1.2 billion
and sees assets under management rise to $9 trillion.
Cable Companies Emerge as Force in Cellphone Business
More than five million Americans have turned to cable providers
for cellphone service, attracted by lower prices and ease of
Why Barclays Is One of 2021's Best-Performing Bank Stocks
Activity in the U.K. lender's investment banking arm is spurring
the recovery, a vindication for Chief Executive Jes Staley.
Electric-Vehicle Startup XPeng Bets on the Tech That Tesla Rejects
He Xiaopeng, the founder of Chinese electric-vehicle maker
XPeng, has owned four Telsa vehicles. Now locked in long-running
feud with Elon Musk, he has unveiled a new vehicle that embraces
technology the Tesla CEO has scorned.
(END) Dow Jones Newswires
April 15, 2021 09:15 ET (13:15 GMT)
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