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 loan losses.

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 quarter.

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 coronavirus pandemic.


(END) Dow Jones Newswires

May 06, 2021 05:00 ET (09:00 GMT)

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