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News Highlights: Top Company News of the Day

02/11/2021 | 07:16pm EDT
Disney+ Adds 21.2 Million New Subscribers 

Disney reported a first-quarter profit, following two quarterly losses in a row, though the pandemic continued to zap results in the company's movie-distribution and theme-park segments.

The Rise and Fall of the GameStop Frenzy 

Shares of the videogame retailer have tumbled in the past two weeks, as has individual investors' interest in the trade.

BayPine Progresses Toward $2 Billion Goal for Debut Fund 

BayPine, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion for its debut fund, putting the fund more than halfway to a $2 billion goal, according to people familiar with the offering.

Alden Is in Talks to Buy Tribune Publishing 

Alden Global Capital, Tribune's largest shareholder with a 32% stake, is discussing a deal with the company to buy the shares it doesn't already own.

Seadrill Back for Return Engagement in Bankruptcy Court 

With $7 billion in debt and no deal with lenders, Seadrill wants to revamp its balance sheet in chapter 11.

GameStop Mania Is Focus of Federal Probes Into Possible Manipulation 

The U.S. Justice Department has subpoenaed information from Robinhood Markets and others.

Microsoft Urges U.S. to Make Tech Giants Pay for News 

The company's president said the U.S. should copy Australia's proposal that tech companies pay newspapers for content, putting it at odds with Google and Facebook.

Bumble Stock Surges in Trading Debut 

The dating app maker's stock opened at $76 a share, well above its IPO price of $43 to bring its valuation to about $8.6 billion.

Apollo's LifePoint in Talks to Buy Ardent Health Services 

The move would add roughly 30 hospitals across six states and create an entity worth more than $10 billion including debt.

Hormel to Buy Planters Business From Kraft Heinz 

Hormel Foods Corp. said it agreed to purchase the Planters nut business from Kraft Heinz Co. for $3.35 billion in cash.

(END) Dow Jones Newswires

02-11-21 1915ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.58% 2712.6 Delayed Quote.53.89%
FACEBOOK INC -0.20% 351.24 Delayed Quote.28.58%
GAMESTOP CORP. -3.11% 152.75 Delayed Quote.710.77%
HORMEL FOODS CORPORATION -0.62% 46.3 Delayed Quote.-0.67%
MICROSOFT CORPORATION 0.81% 287.12 Delayed Quote.29.09%
ROBINHOOD MARKETS, INC. 24.20% 46.8 Delayed Quote.0.00%
SEADRILL LIMITED -3.57% 0.27 Delayed Quote.1.87%
SILVER 0.27% 25.637 Delayed Quote.-3.60%
THE KRAFT HEINZ COMPANY 0.93% 38.94 Delayed Quote.12.35%
TRIBUNE PUBLISHING COMPANY 0.41% 17.26 End-of-day quote.25.99%
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