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.

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.

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.

Shell, Exxon Look to Profit From Capturing Carbon Emissions 

Oil companies have for decades made money by extracting carbon from the ground. Now they're trying to make money putting it back.

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 machines.

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 in popularity.

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 legally.

Afterpay Explores U.S. Listing 

Afterpay Ltd. is exploring a U.S. stock market listing after the buy-now-pay-later provider's North American operations became the largest contributor to underlying sales in its most recent fiscal quarter.

Citigroup Plans to Set Up An Investment Bank in China 

Citigroup Inc. is aiming to start securities and futures operations in China by the first half of next year, joining a string of international banks looking to expand into the world's-second largest economy as Beijing opens up its financial markets.


(END) Dow Jones Newswires

April 19, 2021 23:15 ET (03:15 GMT)

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