News Highlights: Top Company News of the Day
Lawmakers Urge Probe of Amazon's Pursuit of Pentagon Contract
Republican Sen. Mike Lee and Rep. Ken Buck are pressing the
attorney general to investigate potential anticompetitive behavior
by Amazon in its pursuit of the JEDI cloud-computing deal
ultimately won by Microsoft.
Epic Games CEO Slams Apple's Fees as Unfair on Trial's First Day
An antitrust trial that could reshape the relationship between
software developers and app-store operators got under way, with the
videogame company's CEO claiming Apple holds monopoly power.
Infineon Raises Guidance on Strong Chip Demand
Infineon posted above-forecast second quarter profits and raised
its revenue and margin guidance for the year as demand for chips
continues to surge.
Saudi Aramco Posts 30% Profits Rise
Saudi Aramco profits rose by almost a third in the first quarter
to $21.7 billion, boosted by a stronger oil market and higher
refining and chemicals margins.
Under Armour Paying $9 Million to Resolve SEC Accounting Probe
The regulator claims the sportswear brand failed to tell
investors that it pulled forward orders to meet quarterly
Landmark Opioid Trial Opens in West Virginia
The trial will be the first test of an argument that the
nation's three largest drug distributors fueled an epidemic of
Blue Health Insurers Drop Revenue Rule That Limited Competition
Blue Cross Blue Shield Association implements a key aspect of an
antitrust settlement the companies reached last year.
Action Network to Be Sold as Sports-Betting Deals Surge
Denmark's Better Collective, which offers betting tools and
media content, said it had agreed to purchase rival Action Network
for $240 million.
Berkshire Chooses Greg Abel as Warren Buffett's Successor in CEO Role
The choice of Mr. Abel to eventually lead Berkshire Hathaway
answers a question that had hovered over the firm for decades.
Verizon to Sell Yahoo, AOL for $5 Billion to Apollo
The wireless company is retreating from the digital-media sector
in a deal with the private-equity firm.
(END) Dow Jones Newswires
May 04, 2021 05:15 ET (09:15 GMT)
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