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.

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.

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.

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 guidelines.

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 this year.

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.

Kodak Says New York Attorney General Has Threatened Lawsuit 

The company said the New York attorney general has threatened to sue the company and its CEO over a series of stock purchases made by the executive ahead of a planned $765 million deal with the U.S. government.

Goldman Taps Uber Executive to Run Its Consumer Bank 

Peeyush Nahar succeeds Omer Ismail, who left Goldman to run Walmart's new fintech startup.

EBay Hires JetBlue CFO to Lead Its Finances 

The appointment of Steve Priest ends a long search at the e-commerce platform. He will join the company on June 21.


(END) Dow Jones Newswires

May 17, 2021 23:15 ET (03:15 GMT)

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