Credit Suisse's Exposure to Archegos Investments Grew to More Than $20 Billion

Credit Suisse amassed more than $20 billion of exposure to investments related to Archegos Capital Management, but the bank struggled to monitor them before the fund was forced to liquidate many of its large positions.

 
Apple, Google Come Under Fire at Senate Antitrust Hearing

Lawmakers and mobile app companies took aim in a hearing focused on competition concerns about the tech giants' power over their smartphone ecosystems.

 
Corporate Tech Leaders Are Mixed on EU Artificial Intelligence Bill

Some corporate technology leaders say a proposed clampdown by European regulators on the use of artificial intelligence will run up costs and stifle innovation, just as companies are starting to unlock its potential.

 
Pfizer Identifies Fake Covid Shots Abroad as Criminals Exploit Vaccine Demand

In Mexico, about 80 people received fraudulent doses, and in Poland authorities recovered vials containing antiwrinkle drugs.

 
T-Mobile's Former Chief Collected $137 Million in 2020

Much of the payment to John Legere hinged on the carrier's consummation of its merger with Sprint, which has been a boon to investors.

 
Whirlpool CFO Faces Higher Costs as Component Shortages Force Production Line Shifts

The appliance maker is facing a reduced supply of key components, including microchips from China and Taiwan. It is also running low on plastic as a result of a winter storm in Texas, which negatively affected the chemicals industry.

 
Ford Prolongs Shutdowns at Several U.S. Plants Due to Chip Shortage

The auto giant is planning more downtime at five North American factories due to a global semiconductor shortage, further disrupting output of a popular SUV and the F-150 pickup.

 
Hertz Proposes Shareholder Payout as Part of Bankruptcy-Exit Plan

Hertz Global Holdings said an improved bankruptcy plan would provide some value to equity holders, vindicating the individual traders who have insisted the company is worth something despite its bankruptcy filing.

 
Walmart Is Pulling Plug on More Robots

The retailer has been phasing out automated pickup towers for online orders as curbside services have become popular.

 
China's Largest Duty-Free Chain Aims for Hong Kong Listing

China's largest operator of duty-free stores said it is planning a stock market listing in Hong Kong.

(END) Dow Jones Newswires

April 21, 2021 23:15 ET (03:15 GMT)

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