News Highlights: Top Company News of the Day
Disney Adds Fewer Streaming Subscribers Than Hoped
Walt Disney Co. added 8.7 million Disney+ subscribers in its
fiscal second quarter, and its parks segment logged an operating
loss as the company faces an economy trying to emerge from the
Airbnb Has Mo Money, Mo Problems
Returning demand appears to be creating a supply problem, and
one that is uniquely acute for Airbnb.
DoorDash's Revenue Triples Amid Sustained Demand for Food Delivery
The food-delivery service's loss for the three months through
March narrowed but missed analysts' estimates.
Canadian National Expected to Sweeten Kansas City Southern Bid
The revised proposal could include a pledge to cover the $700
million breakup fee, according to people familiar with the
Coinbase Profit Surges in Exchange's First Report as Public Company
Its first-quarter top- and bottom-line figures represent records
for the company, which was founded in 2012 and is the largest
bitcoin exchange in the U.S.
Hear.com, Zenvia Postpone IPOs Because of Choppy Stock Market
The hearing-care services provider and the
communication-technology company each delayed their offerings over
market volatility concerns, the latest signs of cooling for the
U.S. IPO market.
Smart & Final to Be Sold to Mexican Retail Giant
Grupo Comercial Chedraui plans to buy the grocer for more than
Amazon Adding 75,000 Workers
Amazon.com is hiring 75,000 workers and offering $1,000 signing
bonuses in some locations, the latest hiring spree in what has been
a year of tremendous growth.
Alibaba Posts First Loss Since Going Public After Antitrust Fine
The Chinese e-commerce giant's result was hit by a record
antitrust fine imposed by China's market regulator. It said it
plans to invest future profits into warding off competition.
McDonald's Raises Pay for U.S. Restaurant Workers
McDonald's said it would increase pay for employees at
company-owned restaurants in the U.S., one of the latest companies
to bolster wages and benefits as they struggle to hire workers.
(END) Dow Jones Newswires
May 13, 2021 19:15 ET (23:15 GMT)
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