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.
U.K. to Examine Former Prime Minister Cameron's Greensill Role
The U.K. announced an independent review into contracts it
handed Greensill Capital and the role former Prime Minister David
Cameron played in lobbying on the financing company's behalf just
months before its collapse.
Nvidia Plans New Chip to Compete With Intel
The graphics-chip giant said its first processor for data
centers would operate 10 times faster than existing chips in a
market currently dominated by Intel.
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.
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.
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.
(END) Dow Jones Newswires
April 12, 2021 19:15 ET (23:15 GMT)
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