Intel's Earnings Retreat as CEO Gelsinger Works Toward Revival 
 

Intel on Thursday said first-quarter sales fell 1% to $19.7 billion, generating $3.4 billion in net income.

 
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 board.

 
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 worrying.

 
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 products.

 
SmartRent to Go Public Through Merger 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.

 
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 international content.

 
 

(END) Dow Jones Newswires

April 22, 2021 17:15 ET (21:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.