News Highlights: Top Company News of the Day
GameStop Working to Replace CEO George Sherman
Such a change by the retailer would bring a near complete
turnover in its C-suite, with many new faces with ties to Chewy
added to the board.
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.
Antios Therapeutics Takes Aim at Hepatitis B With $96 Million Financing
Biotechnology startup Antios Therapeutics has secured $96
million in venture capital to fund its quest to effectively cure
people with chronic hepatitis B infections.
Great Value Storage Files for Chapter 11 to Block Foreclosure
Company lost a bid last month to stop the sale of properties it
said were damaged in the February storm in Texas and would be
undervalued in a sale. More than half the company's properties are
Air France-KLM Launches State-Backed Share Issue
Air France-KLM has launched a capital increase of around EUR988
million, backed by the French government, and said the proceeds
will be used to strengthen its balance sheet and liquidity.
Babcock Faces Asset Writedowns Totaling GBP1.7 Billion
Babcock has identified impairments and charges of around GBP1.7
billion as part of its ongoing business review, resulting in
continuing reduction in its underlying operating profit of GBP30
million each year.
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.
Air Canada, Canadian Government Reach Financing Deal
Air Canada and the Canadian government struck a deal in which
the Canadian airline will get access to billions in financing.
Blackstone Pins Crown Deal on Casino Licenses Not Being Canceled
U.S. investment firm Blackstone Group, which last month offered
to acquire troubled Australian casino operator Crown Resorts, has
made the deal contingent on Crown's casino licenses not being
canceled by gaming regulators, Crown said.
Microsoft to Buy Speech-Recognition Firm Nuance
The $16 billion deal is one of Microsoft's biggest under CEO
Satya Nadella as the company looks to expand its software
offerings, including for healthcare.
(END) Dow Jones Newswires
April 13, 2021 03:15 ET (07:15 GMT)
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