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News Highlights: Top company news on 4/7

Dow Jones Newswires ·  Apr 7, 2021 09:36  · Headline

Intel Capital, the investment arm of Intel, has led a new $18 million Series B investment round in Iris.TV, a data technology company that provides tools to help marketers and others understand the content of individual videos for the purposes of ad targeting and measurement.

  • China's sportswear giants enjoy big market run-up

As investors bet that China's two biggest sportswear companies will emerge from the pandemic even stronger, the shares of both $ANTA Sports Products(02020.HK)$and $Li Ning Co. Ltd.(02331.HK)$ have more than doubled in the past 12 months.

A "yes" vote would boost the number of workers who have opted to join a union in a state that has membership rates below the U.S. average.

  • Samsung expects operating profit rose 44% in the first quarter 

The company beat expectations during a global shortage of semiconductors and despite shutdowns of some U.S. facilities.

The money manager and its lenders tied costs around a $4.4 billion credit facility to BlackRock's diversity and sustainability goals.

  • LG Electronics expects record first-quarter operating profit

LG Electronics is guiding for a 39% rise in first-quarter operating profit, signaling a record-setting result as pandemic-driven demand for TVs and home appliances remains solid.

Online travel platform Trip.com Group Ltd. is planning a secondary listing on the Hong Kong stock exchange, joining the list of U.S.-listed Chinese firms eager to tap the active fundraising market in the Asian financial center.

The cryptocurrency company profited off bitcoin's recent rally, bringing in more earnings and revenue in the first three months of 2021 than it did in all of last year.

Source: Dow Jones Newswires

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