News Highlights: Top Company News of the Day
April 14 2021 - 7:30AM
Dow Jones News
Barclays Stock Tumbles in Mini Flash Crash Before Quick Rebound
Shares in Barclays, a major bank that is one of the U.K.'s most
prominent stocks, plunged 10% and then recovered, triggering a
trading halt and an auction process.
Federal Panel to Debate J&J Shot's Link to Blood Clots
A Centers for Disease Control and Prevention panel will meet
Wednesday to debate whether and how Johnson & Johnson's
Covid-19 vaccine should continue to be used in the U.S., following
reports of rare but severe blood clots among a few recipients.
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.
Coinbase CEO Set to Take Crypto Exchange Public
Brian Armstrong, who is working to make bitcoin as accessible as
email, foresaw a trillion-dollar revolution. He is poised to become
one of the world's richest people after Coinbase goes public on
Wednesday.
Apple Could Use a Spring Fling
The iPhone-maker's stock has been big tech's worst performer
this year as concerns about cycle peak, chip shortage and
regulations have grown.
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.
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.
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.
(END) Dow Jones Newswires
April 14, 2021 07:15 ET (11:15 GMT)
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