News Highlights: Top Company News of the Day
Microsoft's Shopping Spree Isn't Landing Bargains
The acquisition of Nuance Communications adds to AI capabilities
but represents a high price for a struggling business.
Jack Ma's Ant Group Bows to Beijing With Company Overhaul
Ant Group, the financial-technology giant controlled by
billionaire Jack Ma, will apply to become a financial holding
company overseen by China's central bank.
Nvidia steps up competition with Intel and AMD with first data-center CPU, based on Arm
Nvidia Corp. is stepping up its artificial-intelligence
competition with Intel Corp. and Advanced Micro Devices Inc. by
introducing a new central processing unit to crunch reams of data,
with technology based on acquisition target Arm Holdings PLC.
Uber Posts Record Demand for March
Bookings for the entire business, which includes rides and food
delivery, rose to the highest monthly level in Uber's history as
Covid-19 vaccinations increased.
Cybersecurity Firm Darktrace Targets $4 Billion London IPO
Darktrace said it aims to go public in London, hoping to cash in
on growing demand for its software despite ongoing legal
uncertainty over one of its leading backers.
Chip Shortage Is Bad for GM but Worse for Car Buyers
The shortage of semiconductors is worsening, but might need to
drag out indefinitely to have a more noticeable impact on auto
Boeing Shareholders Will Weigh Need for More Changes to Board
The plane maker has changed the membership and structure of its
board since a second 737 MAX airliner crashed two years ago.
Investors will soon decide whether the company has done enough.
Huawei, HSBC Strike Deal Over Documents in Extradition Fight
Huawei Chief Financial Officer Meng Wanzhou believes the
documents will help in her battle against extradition from Canada
to the U.S. on charges related to alleged sanctions-busting sales
Credit Suisse Faces Tough Choices on Investment Bank
Credit Suisse's investment bank is the Swiss lender's profit
engine. But after the Archegos and Greensill meltdowns, it is
expected to be scaled back for safety.
French Firms Reach $15.5 Billion Deal to Create Water, Waste Behemoth
France's Veolia Environnement agreed to acquire Suez, creating a
water and waste-management giant that aims to soak up a global
surge in infrastructure and climate-change spending.
(END) Dow Jones Newswires
April 12, 2021 15:00 ET (19:00 GMT)
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