News Highlights: Top Company News of the Day
Peloton Faces Mounting Pressure to Recall Treadmills
The chairwoman of a House subcommittee said treadmills pose
"grave and immediate risks," resulting in dozens of injuries and at
least one death. Peloton said it won't stop selling the
Oprah-Backed Oatly Files for IPO
The plant-based milk producer is backed by celebrities such as
Oprah Winfrey and Jay-Z. The Swedish company entered the U.S.
market in 2017 with its alternative dairy products that have grown
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.
Drugmakers Accused of Causing Opioid Addiction in Trial
J&J, Teva, Endo and AbbVie's Allergan said 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.
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
Elon Musk Weighs in on Fatal Tesla Crash as Safety Officials Investigate
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.
(END) Dow Jones Newswires
April 19, 2021 21:15 ET (01:15 GMT)
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