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.

 
Bouygues, Bertelsmann Plan TV Tie-Up 
 

Bouygues has entered exclusive talks over a merger between its broadcaster TF1 and RTL-owned M6, part of the Bertelsmann media empire.

 
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.

 
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.

 
Vodafone Misses Forecasts With 1.2% Earnings Fall 
 

Vodafone reported lower full-year adjusted earnings of EUR14.39 billion, slightly under forecasts and said it expects to drive returns in the medium term through efficiency and growth.

 
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.

 
EBay Hires JetBlue CFO to Lead Its Finances 
 

The appointment of Steve Priest ends a long search at the e-commerce platform. He will join the company on June 21.

(END) Dow Jones Newswires

May 18, 2021 03:00 ET (07:00 GMT)