China Orders 34 Tech Companies to Rectify Anticompetitive Practices

The Chinese market regulator has ordered dozens of the country's leading tech companies to rectify business practices that limit competition, days after authorities hit Alibaba Group with a record antitrust fine.

 
Chinese Auto Giant Geely Explores SPAC Deals

The multinational company is in talks to sponsor a $300 Million SPAC on Nasdaq and is considering another SPAC to float EV maker Polestar, sources say.

 
Gap to Replace Longtime Credit-Card Issuer Synchrony With Barclays

Gap is parting ways with its longtime credit-card issuer, Synchrony Financial, and moving the business to Barclays, according to people familiar with the matter.

 
Grab to Go Public in Record $40 Billion SPAC Merger

The "superapp" operator said it would go public on the Nasdaq by merging with a special-purpose acquisition company, securing a near-$40 billion valuation in a new milestone for the SPAC boom that has swept financial markets.

 
Investor Pushes Alphabet for Whistleblowing Review

An investment group is again pushing Google's parent Alphabet to assess the effectiveness of its internal whistleblowing program, saying recent incidents suggest the company may have potential internal cultural or ethics problems.

 
Nvidia's Ambitions Could Twist Its Own Arm

The chipmaker's move into the data-center CPU market raises its competitive profile but complicates its Arm Holdings deal.

 
GameStop Working to Replace CEO George Sherman

Such a change by the retailer would bring a near complete turnover in its C-suite, with many new faces with ties to Chewy added to the board.

 
Nvidia Plans New Chip to Compete With Intel

The graphics-chip giant said its first processor for data centers would operate 10 times faster than existing chips in a market currently dominated by Intel.

 
Bally's Agrees to Buy Gamesys for $2.8 Billion

Bally's has reached an agreement to buy Gamesys for $2.78 billion, offering cash and a share alternative for the U.K. online gambling company.

 
Air France-KLM Launches State-Backed Share Issue

Air France-KLM has launched a capital increase of around EUR988 million, backed by the French government, and said the proceeds will be used to strengthen its balance sheet and liquidity.

(END) Dow Jones Newswires

April 13, 2021 07:15 ET (11:15 GMT)

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