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 worrying.

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.

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 international content.

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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