News Highlights: Top Company News of the Day
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.
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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