News Highlights: Top Company News of the Day
May 07 2021 - 3:15PM
Dow Jones News
Hedge-Fund Founder Gets Prison Sentence for Fraud Tied to Neiman Bankruptcy
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
himself.
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
expenses.
Cinemark, Studios Reach Deals on How Movies Are Shown as Theaters Reopen
The agreements are 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
Donald Trump.
Square's Edge Still Comes from Sellers
The financial-technology company's Cash App might be getting a
lot of the attention right now, but linking up the app with a
growing seller business is a big opportunity.
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
ingredient shortages.
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.
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 15:00 ET (19:00 GMT)
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