News Highlights: Top Company News of the Day
April 20 2021 - 9:30AM
Dow Jones News
Procter & Gamble Will Raise Prices in September
Price increases on baby products, adult diapers and
feminine-care brands come as the company reports slowing growth in
latest quarter.
J&J's Covid-19 Vaccine Adds $100 Million to Quarterly Sales
In February the vaccine became the third shot to win
emergency-use authorization from the FDA, but it is now on pause
amid safety concerns.
Travelers Sees Pre-Tax Catastrophe Losses More Than Double
The property-casualty insurer reported higher profit and revenue
in its latest quarter.
Canadian National Makes $30 Billion Topping Bid for Kansas City Southern
The offer is likely to kick off a bidding war for a railroad
operator that has already agreed to a sale to another Canadian
rival.
Toshiba Rebuffs CVC Takeover Offer
Toshiba said CVC hadn't provided specific information about the
bidding group and its post-acquisition business plan, and the
industrial conglomerate preferred to stay a public company.
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.
Blackstone Bets on India E-Commerce With Warehouse Deal
The largest owner of office buildings in India intends to spend
about $720 million to acquire and develop a logistics portfolio
that could eventually cover 21.5 million square feet, according to
people familiar with the matter.
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.
(END) Dow Jones Newswires
April 20, 2021 09:15 ET (13:15 GMT)
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