News Highlights: Top Company News of the Day
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
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
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
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
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
(END) Dow Jones Newswires
April 19, 2021 23:15 ET (03:15 GMT)
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