News Highlights: Top Company News of the Day
Southwest, American Say Leisure Travel Is Rebounding
Airline executives said travel demand hit an inflection point in
February or March, after languishing for most of last year. They
hope the trend will continue into the summer vacation season.
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.
Credit Suisse Needs a New Strategy
Raising new capital will reassure wealth-management clients, but
CEO Thomas Gottstein's attachment to a crisis-prone business mix is
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
SmartRent to Go Public Through Merger With Fifth Wall SPAC in $2.2 Billion Deal
SmartRent, a seller of smart home-technology systems, plans to
go public through a $2.2 billion merger with Fifth Wall SPAC and
has attracted a $155 million investment from a group including
Blackstone, Starwood Capital and Lennar.
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.
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
Intel's Earnings Are Expected to Retreat
Intel will report its first quarterly earnings Thursday since
new CEO Pat Gelsinger took the helm and started fast-tracking
efforts to re-energize the semiconductor giant.
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.
(END) Dow Jones Newswires
April 22, 2021 11:00 ET (15:00 GMT)
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