News Highlights: Top Company News of the Day
20 April 2021 - 5:30PM
Dow Jones News
Elon Musk Weighs In on Fatal Tesla Crash as Safety Officials Investigate
Local authorities believe the Tesla Model S was operating
without anyone in the driver's seat when it crashed into a tree
Saturday night near Houston, killing both occupants.
Peloton Faces Mounting Pressure to Recall Treadmills
The chairwoman of a House subcommittee said treadmills pose
"grave and immediate risks," resulting in dozens of injuries and at
least one death. Peloton said it won't stop selling the
machines.
Cloud Business Helps IBM's Revenue Edge Higher
IBM posted higher revenue ahead of a landmark split of the
business this year that is part of CEO Arvind Krishna's plan to
revive growth at the veteran tech company.
Credit Suisse Prime Brokerage Co-Heads to Leave Bank After Archegos Losses
John Dabbs and Ryan Nelson are leaving the Swiss bank following
a loss tied to the collapse of hedge-fund Archegos Capital
Management.
Oprah-Backed Oatly Files for IPO
The plant-based milk producer is backed by celebrities such as
Oprah Winfrey and Jay-Z. The Swedish company entered the U.S.
market in 2017 with its alternative dairy products that have grown
in popularity.
United Reports $1.4 Billion Quarterly Loss as Carrier Looks for Rebound
United Airlines Holdings Inc. reported weaker results than
analysts were expecting for the first quarter as it looks for a
broader rebound in demand as Covid-19 vaccines are distributed.
Drugmakers Accused of Causing Opioid Addiction in Trial
J&J, Teva, Endo and AbbVie's Allergan said they acted
legally.
Afterpay Explores U.S. Listing
Afterpay Ltd. is exploring a U.S. stock market listing after the
buy-now-pay-later provider's North American operations became the
largest contributor to underlying sales in its most recent fiscal
quarter.
Apple to Reinstate Parler App
The company has excluded user downloads of the social-media app
Parler since January, citing objectionable content.
NexPhase Capital Collects $544 Million for Fourth Buyout Fund
The lower midmarket-focused private-equity firm's fourth buyout
fund is about 50% bigger than its predecessor that closed in
2018.
(END) Dow Jones Newswires
April 20, 2021 03:15 ET (07:15 GMT)
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