Canadian National Plans to Make Topping Bid for Kansas City Southern

Canadian National Railway Co. is planning to make a roughly $30 billion topping bid for Kansas City Southern, according to people familiar with the matter, likely kicking off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival.

 
Netflix Faces New Test as Economies Reopen

Subscriptions at the streaming giant surged last year, but consumers are now looking to get out.

 
Apple Expected to Reveal Latest iPad Pro, Subscription Podcasts

The spring event, to be held at 1 p.m. New York time via the company's website, is expected to show off high-end iPads and introduce a paid subscription option within its podcast app.

 
Cryptocurrency Giant Binance Hires Former Top Bank Regulator

Brian Brooks will become the new CEO of Binance.US, the U.S. affiliate of overseas crypto-exchange giant Binance.

 
Elon Musk Weighs In on Fatal Tesla Crash as Safety Officials Investigate

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.

 
Peloton Faces Mounting Pressure to Recall Treadmills

The chairwoman of a House subcommittee said treadmills pose "grave and immediate risks," resulting in dozens of injuries and at least one death. Peloton said it won't stop selling the machines.

 
Cloud Business Helps IBM's Revenue Edge Higher

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.

 
AB Foods Profit Halves as Pandemic Weighs on Primark

Associated British Foods reported a 50% fall in interim adjusted profit as the coronavirus pandemic continued to weigh on revenue at its Primark arm, with a further GBP700 million of lost sales predicted in the second half.

 
Oprah-Backed Oatly Files for IPO

The plant-based milk producer is backed by celebrities such as Oprah Winfrey and Jay-Z. The Swedish company entered the U.S. market in 2017 with its alternative dairy products that have grown in popularity.

 
United Reports $1.4 Billion Quarterly Loss as Carrier Looks for Rebound

United Airlines Holdings Inc. reported weaker results than analysts were expecting for the first quarter as it looks for a broader rebound in demand as Covid-19 vaccines are distributed.

(END) Dow Jones Newswires

April 20, 2021 07:15 ET (11:15 GMT)

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