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 firm.

Drugmakers Accused of Causing Opioid Addiction in Trial 

J&J, Teva, Endo and AbbVie Inc.'s Allergan say they acted legally.

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 election-fraud claims.

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 Management.

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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