News Highlights: Top Company News of the Day
Cinemark Reaches Deals With Hollywood Studios to Show Movies
Cinemark Holdings reached agreements to show films from some
major Hollywood studios, a move aimed at establishing a model for
how long movies would play in theaters before moving to home
NYSE to Delist Chinese Telecoms Carriers After Rejecting Appeals
China's big three telecoms carriers lost their appeals against
being kicked off the New York Stock Exchange and will be delisted
to comply with an investment ban introduced by former President
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 British bank with a major Wall Street presence.
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.
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.
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 11:00 ET (15:00 GMT)
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