SAP Rises on First-Quarter Results, Raised Outlook

SAP raised financial projections for the year, following a stronger-than-expected performance in the latest period driven by the fastest growth in new cloud business in five years. The software company's ADRs rose 4% in extended trading.

 
J&J Vaccine Pause Spotlights Science of Clotting Disorder

Scientists are racing to understand the cause of blood clots that affected six recipients of the company's viral-vector vaccine and led authorities to recommend a pause in its use.

 
Toshiba's CEO Steps Down Under Pressure From Shareholders

Nobuaki Kurumatani resigned a week after the company said it had received an acquisition offer from private-equity firm CVC Capital Partners.

 
Nasdaq Sets Reference Price for Coinbase Listing at $250

Shares of Coinbase, which is the largest bitcoin exchange in the U.S., are set to start trading Wednesday.

 
Mexico's Televisa to Merge Content Business With Univision

The tie-up aims to expand streaming video services in underserved Spanish-speaking markets with SoftBank as an investor.

 
Stitch Fix CEO Moves to Executive Chair Role

Stitch Fix founder and Chief Executive Katrina Lake will step down from her role and assume a position as executive chairwoman, the company said.

 
Bankrupt Zohar Funds Can't Block Lynn Tilton's Deal for Auto Supplier

The judge overseeing the bankrupt Zohar investment funds refused their request to block their founder, turnaround manager Lynn Tilton, from buying one of their portfolio companies and leaving them with a roughly $150 million loss on loans to the business.

 
JD.com, Baidu Pledge to Comply With Beijing's Antitrust Order

More than 10 Chinese internet companies have fallen in line with an official directive to rectify their monopolistic business practices, as Beijing's push to rein in the country's tech giants shows few signs of abating.

 
Covid-19 Vaccine Issues Present New Challenge for J&J

A potential link between its Covid-19 vaccine and rare blood clots is the latest issue for one of the most storied names in healthcare.

 
Apple Schedules April 20 Event

The virtual gathering is expected to feature new product offerings, including new iPads.

(END) Dow Jones Newswires

April 14, 2021 03:15 ET (07:15 GMT)

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