AT&T to Combine WarnerMedia Assets With Discovery 

The deal would merge the telecom giant's media assets, including CNN and HBO, into a new company, unwinding AT&T's big bet on entertainment after less than three years.

Kodak Says New York Attorney General Has Threatened Lawsuit 

The company said the New York attorney general has threatened to sue the company and its CEO over a series of stock purchases made by the executive ahead of a planned $765 million deal with the U.S. government.

China Mobile to List in Shanghai as It Departs NYSE 

China Mobile plans to sell billions of dollars worth of shares in Shanghai, days after learning it would definitely be ejected from U.S. markets under a Trump-era investment blacklist.

Bouygues, Bertelsmann Plan TV Tie-Up 

TV networks TF1 and M6 are planning to merge and create a streaming-focused French operator, the two companies and their respective majority shareholders said.

Vivendi Mulls Further UMG Stake Sale 

Vivendi said it's considering selling a further 10% stake in Universal Music and plans a new governance structure for the music giant ahead of its spinoff and listing in September.

Vodafone Misses Forecasts With 1.2% Earnings Fall 

Vodafone reported lower full-year adjusted earnings of EUR14.39 billion, hit by the coronavirus impact on roaming revenue and currency movements but said it expects to drive returns in the medium term through efficiency and growth.

Generali First-Quarter Tops Expectations 

Generali posted strong first-quarter results, with an 11% rise in operating profit and confirmed its targets for earnings growth, dividends and profitability.

Credit Suisse Faces Banker Exodus After $5.5 Billion Archegos Hit 

At least 10 managing directors in the Swiss firm's U.S. investment-banking division have internally disclosed plans to leave, most for rival firms.

Fisker Reports Wider Loss 

Fisker Inc. reported a wider March quarter net loss as the electric-vehicle maker ramps up operations to start production of its first model in late 2022.

Citi Has Hired 650 Wealth Professionals for Asia Operations in 2021 

Citigroup has hired around 650 wealth professionals for its Asia-Pacific operations this year, part of a strategy focused on Hong Kong and Singapore to boost regional client assets by $150 billion in the coming years.


(END) Dow Jones Newswires

May 18, 2021 05:00 ET (09:00 GMT)

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