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 in Texas.

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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