News Highlights: Top Company News of the Day
Intel CEO Sees Prolonged Chip-Supply Constraints
The semiconductor giant's new chief executive said a global
chip-supply shortage could stretch two more years as the company
posted weaker quarterly earnings.
Senators Raise Concerns About Tesla Safety
Two Democratic senators want the top automotive-safety regulator
to develop recommendations for improving advanced driver-assistance
systems such as Tesla's Autopilot.
Daimler Raises Mercedes Margin Target After Strong First-Quarter
Daimler upgraded its full-year margin targets for Mercedes-Benz
and its Mobility division after reporting a strong rise in first
quarter profits and revenue.
Snap Won't Lose Its Luster
Snap Inc. reported better-than-expected results and bets it can
get just as many clicks out in the wild as it can in users'
Bankrupt Liberty Power Lender Clashed With CEO Over Texas Storm Bill
Liberty Power Holdings, a competitive electricity provider to
homes and businesses in 14 states, filed for bankruptcy on Tuesday
in the U.S. Bankruptcy Court in Fort Lauderdale, Fla., after
defaulting on an invoice from lender Boston Energy Trading and
EQT Closes on $18.8 Billion for Latest Buyout Fund
The firm's ninth flagship vehicle is among the largest funds
ever raised by a European private-equity manager.
Hartford CEO Surprised by Chubb Proposal; Board Has Rejected Three
Hartford CEO Christopher Swift said each of Chubb's proposals
has been evaluated and unanimously rejected by the insurer's
Southwest, American Say Leisure Travel Is Rebounding
Airline executives said travel demand hit an inflection point in
February or March, after languishing for most of last year. They
hope the trend will continue into the summer vacation season.
Ship Operators Move Toward LNG to Pare Emissions
Natural gas-powered vessels are becoming more popular as a
halfway measure as a search continues for non-carbon-based
Blackstone Notches Record $1.75 Billion Profit as Strategy Pays Off
The firm's private-equity portfolio far outpaced the S&P 500
during the first quarter.
(END) Dow Jones Newswires
April 23, 2021 03:15 ET (07:15 GMT)
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