News Highlights: Top Company News of the Day
Neiman Foe Kamensky Sentenced to Six Months in Prison for Bankruptcy Fraud
Hedge-fund founder Dan Kamensky was sentenced to six months in
prison for bankruptcy fraud over his attempt to quash a rival bid
for shares of a Neiman Marcus Group business that he wanted to buy
DraftKings Reports Higher Revenue, Costs as It Bets on Growth
The sports-betting platform benefited from a rollout in more
states, but the gains came with significantly higher marketing
Cinemark Reaches Deals With Hollywood Studios to Show Movies
The move is aimed at establishing a model for how long movies
would play in theaters before moving to home video.
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.
(END) Dow Jones Newswires
May 07, 2021 13:00 ET (17:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.