News Highlights: Top Company News of the Day
United Reports $1.4 Billion Quarterly Loss as Carrier Looks for Rebound
United Airlines Holdings Inc. reported weaker results than
analysts were expecting for the first quarter as it looks for a
broader rebound in demand as Covid-19 vaccines are distributed.
Crown Resorts Receives Oaktree Proposal for Buyback of James Packer's Shares
Australian casino operator Crown Resorts said it received a
proposal from Oaktree Capital Management to finance a buyback of
Crown shares that are held by billionaire James Packer's investment
Drugmakers Accused of Causing Opioid Addiction in Trial
J&J, Teva, Endo and AbbVie Inc.'s Allergan say they acted
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.
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.
MyPillow Sues to Counter Dominion Voting Systems' Defamation Claims
Dominion sued the bedding company and its Trump-supporting chief
executive, Mike Lindell, in February for defamation over
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.
(END) Dow Jones Newswires
April 19, 2021 19:15 ET (23:15 GMT)
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