News Highlights: Top Company News of the Day
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.
Disney Adds Fewer Streaming Subscribers Than Hoped
Walt Disney 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 Covid-19
Amazon, McDonald's, Others Woo Scarce Hourly Workers
Large U.S. employers of lower-wage workers are raising pay and
adding perks, with Amazon set to add 75,000 employees and offer
signing bonuses and McDonald's boosting wages at company-owned
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 Takes Lead in Bidding for Kansas City Southern
Canadian railroad agreed to add more stock to its proposal and
cover a $700 million breakup fee.
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
Avance Eyes Increase of Debut Fund Cap to $1 Billion
The firm began marketing its debut fund in the midst of the
coronavirus pandemic and was advised to set a lower target of $500
million with an initial cap of $850 million, Mark Evans, principal
investment officer at the Connecticut Retirement Plans and Trust
Funds, said at the pension system's investment advisory council
meeting on Wednesday.
PayPal Plans to Shift Core Applications to Google Cloud
The migration is part of the digital payments company's ongoing
move to host all its applications in the public cloud.
(END) Dow Jones Newswires
May 13, 2021 23:15 ET (03:15 GMT)
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