News Highlights: Top Company News of the Day
Senators Raise Concerns About Tesla Safety
Two Democratic senators want the top automotive-safety regulator
to develop recommendations for improving advanced driver-assistance
systems such as Tesla's Autopilot.
Hartford CEO Surprised by Chubb Proposal; Board Has Now Rejected Three
Hartford CEO Christopher Swift said each of Chubb's proposals
has been evaluated and unanimously rejected by the insurer's
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.
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.
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 Nestlé
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 rapidly 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.
(END) Dow Jones Newswires
April 22, 2021 15:00 ET (19:00 GMT)
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