News Highlights: Top Company News of the Day
Moderna Turns First-Ever Profit, Boosted by Its Covid-19 Vaccine
The vaccine brought Moderna revenue of $1.73 billion in the
first quarter, and Moderna expects to deliver more doses in the
Ant Looks to Revamp a Controversial Business Without Sparking an Outcry
Ant Group, which has pledged to get all its financial services
fully regulated, is exploring ways to revamp its popular
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 to
reinvigorate sales growth and lead it out of the pandemic.
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
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
Uber's Speed Could Limit Lyft
Ride-hailing companies' recovery is stalling in some places, but
Uber appears to be pulling ahead.
KKR to Invest in Charter Next Generation, Joining Leonard Green
As part of the deal, the two private-equity firms have agreed to
make all of Charter Next Generation's roughly 1,700 employees
owners of the business.
Pandemic Payment Habits Are Looking Sticky
After a blockbuster 2020, the biggest question mark surrounding
PayPal and other digital-payment companies was whether things would
return to normal in 2021. So far, there is little sign of that.
(END) Dow Jones Newswires
May 06, 2021 09:15 ET (13:15 GMT)
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