News Highlights: Top Company News of the Day
SAP Rises on First-Quarter Results, Raised Outlook
SAP raised financial projections for the year, following a
stronger-than-expected performance in the latest period driven by
the fastest growth in new cloud business in five years. The
software company's ADRs rose 4% in extended trading.
J&J Vaccine Pause Spotlights Science of Clotting Disorder
Scientists are racing to understand the cause of blood clots
that affected six recipients of the company's viral-vector vaccine
and led authorities to recommend a pause in its use.
Toshiba's CEO Steps Down Under Pressure From Shareholders
Nobuaki Kurumatani resigned a week after the company said it had
received an acquisition offer from private-equity firm CVC Capital
Nasdaq Sets Reference Price for Coinbase Listing at $250
Shares of Coinbase, which is the largest bitcoin exchange in the
U.S., are set to start trading Wednesday.
Mexico's Televisa to Merge Content Business With Univision
The tie-up aims to expand streaming video services in
underserved Spanish-speaking markets with SoftBank as an
Stitch Fix CEO Moves to Executive Chair Role
Stitch Fix founder and Chief Executive Katrina Lake will step
down from her role and assume a position as executive chairwoman,
the company said.
Bankrupt Zohar Funds Can't Block Lynn Tilton's Deal for Auto Supplier
The judge overseeing the bankrupt Zohar investment funds refused
their request to block their founder, turnaround manager Lynn
Tilton, from buying one of their portfolio companies and leaving
them with a roughly $150 million loss on loans to the business.
JD.com, Baidu Pledge to Comply With Beijing's Antitrust Order
More than 10 Chinese internet companies have fallen in line with
an official directive to rectify their monopolistic business
practices, as Beijing's push to rein in the country's tech giants
shows few signs of abating.
Covid-19 Vaccine Issues Present New Challenge for J&J
A potential link between its Covid-19 vaccine and rare blood
clots is the latest issue for one of the most storied names in
Apple Schedules April 20 Event
The virtual gathering is expected to feature new product
offerings, including new iPads.
(END) Dow Jones Newswires
April 14, 2021 03:15 ET (07:15 GMT)
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