News Highlights: Top Company News of the Day
IBM's Revenue Growth in Latest Period Beats Wall Street Expectations
IBM posted higher revenue ahead of a landmark split of the
business this year that is part of CEO Arvind Krishna's plan to
revive growth at the veteran tech company.
Supreme Court Declines to Hear Tribune Co. Creditors' Challenge to 2007 Buyout
The U.S. Supreme Court has closed the door on an attempt by
creditors of the former Tribune Co. to claw back billions of
dollars in shareholder profits that flowed from its 2007 leveraged
buyout, about a year before the publisher filed for bankruptcy.
Apple to Reinstate Parler App
The company has excluded user downloads of the social-media app
Parler since January, citing objectionable content.
Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses
John Dabbs and Ryan Nelson are leaving the Swiss bank following
a loss tied to the collapse of hedge-fund Archegos Capital
Tesla Crash, Believed to Be Driverless, Draws Investigations
Local authorities believe the Tesla Model S was operating
without anyone in the driver's seat when it crashed into a tree
Saturday night near Houston, killing both occupants.
Nvidia's $40 Billion Deal to Buy Arm Faces U.K. National-Security Probe
The British government said it would investigate Nvidia's $40
billion deal to buy British chip designer Arm from SoftBank,
widening the regulatory scrutiny of the proposed transaction.
Union Appeals Amazon Election in Alabama
A union is seeking a new election after employees of an Alabama
warehouse voted not to unionize and says the company violated legal
restrictions throughout the election. Amazon said it followed all
Coca-Cola Sounds Alarm on Global Covid-19 Cases
With Covid-19 cases surging in some huge markets, Coca-Cola is
right to be cautious about a continued sales recovery.
Harley-Davidson Hit With EU Tariff Ruling, Plans Appeal
The motorcycle maker said the European Union ruling means even
motorcycles it produces outside the U.S. will be subject to a 56%
GameStop CEO George Sherman to Step Down by July 31
The videogame retailer's leadership team has undergone a series
of changes since Chewy co-founder Ryan Cohen joined the board.
(END) Dow Jones Newswires
April 19, 2021 17:00 ET (21:00 GMT)
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