News Highlights: Top Company News of the Day
AT&T's Revenue Rises as Wireless Unit, HBO Add Customers
AT&T added cellphone users, fiber-optic internet customers
and HBO viewers during the first quarter, as the economy starts to
come back after a year of coronavirus-related pressure.
At-Home Coffee Boom During Pandemic Powers Sales at Nestle
The packaged-food giant's focus on coffee is paying off, as
consumers turned to Nespresso pods and Starbucks-branded
Blackstone Notches Record $1.75 Billion Profit as Strategy Pays Off
The investment giant saw record quarterly profit in the first
quarter, compared with a coronavirus-driven loss a year earlier, as
its focus on fast-growing companies helped its investments climb
more than the broader market.
Netflix, Disney and Amazon's Streaming Wars Heat Up Overseas
With the U.S. market saturated, the companies are slowing
Hollywood exports and spending billions of dollars to make
Credit Suisse Taps Investors for Cash After Archegos Loss Widens
The bank said it would issue new shares after losses from
Archegos Capital Management wiped out a strong first quarter,
highlighting the damage caused by the collapse of the investment
Greensill's Australian Parent Placed Into Liquidation
The Australian parent of Greensill was placed into liquidation
following a meeting of creditors owed nearly $1.33 billion when the
supply-chain finance business became insolvent .
Audio Could Perk Up Facebook's Eyes and Ears
The social-media giant is looking to capitalize on the growth of
interest in social audio, launching a series of new audio features
including a competitor to Clubhouse.
Whirlpool CFO Faces Higher Costs as Component Shortages Force Production Line Shifts
The appliance maker is facing a reduced supply of key
components, including microchips from China and Taiwan. It is also
running low on plastic as a result of a winter storm in Texas,
which negatively affected the chemicals industry.
Tesla Should Brace for Impact in China
Tesla had its best month in China in March, but homegrown
competitors are emerging.
SmartRent to Merge With Fifth Wall SPAC in $2.2 Billion Deal
The seller of smart home-technology systems has also attracted a
$155 million investment from a group including Blackstone, Starwood
Capital and Lennar.
(END) Dow Jones Newswires
April 22, 2021 09:15 ET (13:15 GMT)
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