News Highlights: Top Company News of the Day
MetLife, Allstate Post Strong Gains in Adjusted Earnings
The Covid-19 pandemic's impact on the insurance industry hasn't
been as bad as feared.
Fox to Acquire Clay Travis's Outkick Media
While best known for its irreverent takes on sports news, in
recent years Outkick Media has featured more content focused on
political and social issues.
Bud Brewer Taps U.S. Chief as New CEO
Anheuser-Busch InBev appointed the head of its North American
business as its new chief executive, tapping a company veteran as
it seeks to reinvigorate slumping beer sales in the U.S.
Societe Generale Strong Trading Powers First-Quarter Beat
Societe Generale said it expected bad-loan provisions for the
year to fall significantly after it beat expectations in the first
quarter, as its global markets business had the best quarter in
years and the bank slashed the money it stowed away for potential
UniCredit's Strong Trading, Low Provisions Fuel 1Q Beat
UniCredit posted better-than-expected results for the first
quarter as strong trading and falling provisions offset a decline
in net interest income.
Volkswagen Lifts 2021 Profit Guidance After 1Q Revenue, Earnings Rise
Volkswagen lifted the full-year outlook for its operating margin
after posting an increase in revenue and earnings for the first
Uber's First Quarter Shows Food Delivery's Continuing Strength
Uber Technologies' first-quarter bookings rose despite weak
demand for its ride-sharing service, as sustained growth in its
food-delivery business offset the slump in its core operations.
Puma Promotes Insider to CFO as Company Projects Growth
The German sportswear maker said Wednesday Hubert Hinterseher
would take over from current CFO Michael Lämmermann on June 1. Mr.
Lämmermann plans to retire after 28 years with the company,
including the past eight years as finance chief, but will stay on
as an adviser until the end of the year, Puma said.
Toys 'R' Us Creditors Call for Jury Trial on Executive Stay Pay
Bonuses for leaders who agree to stick around while their
companies went under are becoming increasingly popular, despite the
rules against them.
Nintendo Projects 29% Fall in FY Net Profit on Likely Slower Switch Sales
Japanese videogame company Nintendo projected a 29% fall in
fiscal-year net profit, as it expects slower sales of Switch
consoles and software following a video game boom caused by the
(END) Dow Jones Newswires
May 06, 2021 05:00 ET (09:00 GMT)
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