IBM's Revenue Growth in Latest Period Beats Wall Street Expectations

IBM posted higher revenue ahead of a landmark split of the business this year that is part of CEO Arvind Krishna's plan to revive growth at the veteran tech company.

 
Supreme Court Declines to Hear Tribune Co. Creditors' Challenge to 2007 Buyout

The U.S. Supreme Court has closed the door on an attempt by creditors of the former Tribune Co. to claw back billions of dollars in shareholder profits that flowed from its 2007 leveraged buyout, about a year before the publisher filed for bankruptcy.

 
Apple to Reinstate Parler App

The company has excluded user downloads of the social-media app Parler since January, citing objectionable content.

 
Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses

John Dabbs and Ryan Nelson are leaving the Swiss bank following a loss tied to the collapse of hedge-fund Archegos Capital Management.

 
Tesla Crash, Believed to Be Driverless, Draws Investigations

Local authorities believe the Tesla Model S was operating without anyone in the driver's seat when it crashed into a tree Saturday night near Houston, killing both occupants.

 
Nvidia's $40 Billion Deal to Buy Arm Faces U.K. National-Security Probe

The British government said it would investigate Nvidia's $40 billion deal to buy British chip designer Arm from SoftBank, widening the regulatory scrutiny of the proposed transaction.

 
Union Appeals Amazon Election in Alabama

A union is seeking a new election after employees of an Alabama warehouse voted not to unionize and says the company violated legal restrictions throughout the election. Amazon said it followed all laws.

 
Coca-Cola Sounds Alarm on Global Covid-19 Cases

With Covid-19 cases surging in some huge markets, Coca-Cola is right to be cautious about a continued sales recovery.

 
Harley-Davidson Hit With EU Tariff Ruling, Plans Appeal

The motorcycle maker said the European Union ruling means even motorcycles it produces outside the U.S. will be subject to a 56% import tariff.

 
GameStop CEO George Sherman to Step Down by July 31

The videogame retailer's leadership team has undergone a series of changes since Chewy co-founder Ryan Cohen joined the board.

(END) Dow Jones Newswires

April 19, 2021 17:00 ET (21:00 GMT)

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