News Highlights: Top Company News of the Day
Grocers, Restaurants to Suppliers: Hurry Up, Make More
Retailers are implementing penalties for late or incomplete
orders, adding pressure to food makers dealing with labor and
Barclays Activist Investor Sells Entire Stake
Edward Bramson's Sherborne Investors said it sold its entire
stake in Barclays, giving up on a yearslong activist campaign to
restructure the bank.
News Corp Revenue Rises on Real Estate and Publishing Growth
News Corp reported 3% revenue growth for the quarter that ended
in March, driven by positive foreign-exchange fluctuations, plus
solid growth at the company's digital real estate, book publishing
and Dow Jones units.
Peloton Is No Nike
The company's shares have traded on a fantasy that might not
stand the test of time.
Walmart Deal Shows Expansion in Telehealth, New Front With Amazon
Walmart said it purchased telehealth provider MeMD, another sign
that the retail giant aims to expand its healthcare business and
open up a new front with Amazon.com.
PayPal Wants More Customers to Pay Using Crypto Assets
PayPal is looking to expand its lucrative business of enabling
customers to pay merchants with crypto assets, but the digital
payments company doesn't yet plan to invest in these assets, Chief
Financial Officer John Rainey said.
Cash App Is King at Square
The digital wallet's gross profit more than doubled in the first
quarter, besting Square's seller business.
Siemens Raises Guidance as Second-Quarter Tops Forecasts
Siemens posted better-than-expected second quarter results,
thanks to the improved performance of its industrial business and
upgraded its profit outlook for the year.
BMW Backs Outlook Despite Ongoing Uncertainties
BMW confirmed its outlook for the full year but couldn't rule
out negative effects from the coronavirus pandemic and the rising
cost of raw materials weighing on earnings.
IAG Losses Narrow But No Quick Return to Capacity
IAG reported a lower operating loss of EUR1.07 billion for the
first quarter but cautioned that it only expects 25% passenger
capacity during the next three months, as travel restrictions
continue to weigh.
(END) Dow Jones Newswires
May 07, 2021 09:15 ET (13:15 GMT)
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