Regulators Question Credit Suisse Over Archegos-Related Stock Sales

The stock sales could result in additional losses that go beyond the $4.7 billion hit Credit Suisse disclosed earlier this month from the meltdown of Archegos Capital Management.

 
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.

 
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.

 
Boeing Extends CEO Retirement Age in Vote of Confidence

David Calhoun, 64 years old, now faces a mandatory retirement age of 70, rather than the usual age of 65. The plane maker also said finance chief Greg Smith will retire in July.

 
Lockheed Produced a Strong Quarter. Why the Stock Is Doing Nothing.

Defense giant Lockheed Martin produced another strong quarter. The stock isn't doing much on the good news though. Investors are used to solid results.

 
Daily Mail Owner Files Antitrust Suit Against Google, Citing Royals Coverage

The suit alleges that Google punishes publishers in search rankings if they don't sell enough advertising space through Google's marketplace.

 
Travelers Sees Pre-Tax Catastrophe Losses More Than Double

The property-casualty insurer reported rising profit and revenue despite catastrophe losses that were its highest on record for a first 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.

(END) Dow Jones Newswires

April 20, 2021 13:15 ET (17:15 GMT)

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