News Highlights: Top Company News of the Day
April 20 2021 - 7:30AM
Dow Jones News
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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