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 products.

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 international content.

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 firm.

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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