News Highlights: Top Company News of the Day
J&J's Covid-19 Vaccine Adds $100 Million to Quarterly Sales
In February the vaccine became the third shot to win
emergency-use authorization from the FDA, but it is now on pause
amid safety concerns.
Boeing Extends CEO Retirement Age in Vote of Confidence
David Calhoun, 64 years old, will now face a new mandatory
retirement age of 70, rather than the company's typical age of 65.
The plane maker also said Chief Financial Officer Greg Smith will
retire in July.
Lockheed Produced a Strong Quarter. Why the Stock Is Doing Nothing.
Defense giant Lockheed Martin produced another strong quarter.
The stock isn't doing much on the good news though. Investors are
used to solid results.
Daily Mail Owner Files Antitrust Suit Against Google, Citing Royals Coverage
The suit alleges that Google punishes publishers in search
rankings if they don't sell enough advertising space through
Procter & Gamble Will Raise Prices in September
Price increases on baby products, adult diapers and
feminine-care brands come as the company reports slowing growth in
Travelers Sees Pre-Tax Catastrophe Losses More Than Double
The property-casualty insurer reported higher profit and revenue
in its latest quarter.
Canadian National Makes $30 Billion Topping Bid for Kansas City Southern
The offer is likely to kick off a bidding war for a railroad
operator that has already agreed to a sale to another Canadian
Toshiba Rebuffs CVC Takeover Offer
Toshiba said CVC hadn't provided specific information about the
bidding group and its post-acquisition business plan, and the
industrial conglomerate preferred to stay a public company.
Netflix Faces New Test as Economies Reopen
Subscriptions at the streaming giant surged last year, but
consumers are now looking to get out.
Apple Expected to Reveal Latest iPad Pro, Subscription Podcasts
The spring event, to be held at 1 p.m. New York time via the
company's website, is expected to show off high-end iPads and
introduce a paid subscription option within its podcast app.
(END) Dow Jones Newswires
April 20, 2021 11:15 ET (15:15 GMT)
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