News Highlights: Top Company News of the Day
Credit Suisse Faces Banker Exodus After $5.5 Billion Archegos Hit
At least 10 managing directors in the Swiss firm's U.S.
investment-banking division have internally disclosed plans to
leave, most for rival firms.
Fisker Reports Wider Loss
Fisker Inc. reported a wider March quarter net loss as the
electric-vehicle maker ramps up operations to start production of
its first model in late 2022.
AT&T to Combine WarnerMedia Assets With Discovery
The deal would merge the telecom giant's media assets, including
CNN and HBO, into a new company, unwinding AT&T's big bet on
entertainment after less than three years.
Elliott Urges Duke Energy to Consider Separation Into Three Companies
The activist investor is seeking board seats at Duke and wants
the company to form a strategic-review committee.
CVS, Target Drop Face-Mask Rules for Fully Vaccinated Customers
The two companies joined other U.S. retailers that have changed
their policies after federal health officials relaxed their
Parler Names George Farmer as CEO as It Returns to Apple's App Store
Mr. Farmer is succeeding interim chief Mark Meckler, who is
leaving the company.
Goldman Taps Uber Executive to Run Its Consumer Bank
Peeyush Nahar succeeds Omer Ismail, who left Goldman to run
Walmart's new fintech startup.
Bright Machines Going Public in $1.6 Billion SPAC Merger
The creator of a platform that uses artificial intelligence and
robotics to automate tasks in manufacturing is combining with the
Sanofi-GSK Covid-19 Vaccine Set for Large-Scale Trials After Positive Results
France's Sanofi and U.K.-based GlaxoSmithKline said their
vaccine candidate showed positive interim trial results and is
expected to move into large-scale human trials soon, putting the
long-delayed shot on track for potential regulatory approval later
Apollo Hires Craig Farr to Head Capital-Markets Business
Craig Farr is a veteran of Carlyle, KKR and Citigroup, and his
hiring signifies the firm's push to expand the array of companies
whose businesses it finances.
(END) Dow Jones Newswires
May 17, 2021 19:15 ET (23:15 GMT)
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