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News Highlights : Top Company News of the Day

04/04/2021 | 09:16pm EDT
Rival Group Makes Roughly $680 Million Bid for Tribune 

A Maryland hotel magnate and a Swiss billionaire have made a bid for Tribune Publishing that the newspaper chain is expected to favor over a takeover deal it already struck with hedge fund Alden Global Capital.

J&J Takes Over Contractor's Covid-19 Vaccine Manufacturing Plant 

J&J is taking over a contractor's Covid-19 vaccine manufacturing plant, after the giant health-products company discovered quality problems with a batch of its shot's main ingredient.

Carl Icahn Taps Former GE Executive to Be CEO of His Firm 

The activist investor is hiring GE veteran Aris Kekedjian to be CEO of Icahn Enterprises as part of a broader leadership overhaul.

Amazon's Labor Unrest May Show at the Margins 

The size and spread of the e-commerce giant's distribution network could blunt the impact of a union push, but its effect on margin expansion could still be in question.

'Godzilla vs. Kong' Roars at Theaters, Suggests Pent-Up Demand 

The monster mashup had the best box-office debut since the pandemic began, indicating consumers are interested in returning to theaters and resuming normal activity.

Hertz Selects Investors to Sponsor Planned Chapter 11 Exit 

Hertz selected an offer from investors including Centerbridge Partners, Warburg Pincus and Dundon Capital Partners along with company bondholders to sponsor its exit from chapter 11 bankruptcy protection.

Greensill and Gupta's Intertwined Empires Had for Years Raised Concerns Internally 

The financier and the metals magnate had been urged to decouple their businesses by executives and advisers. Now one is insolvent and the other is scrambling for survival.

Pioneer's $6.4 Billion Deal for Smaller Shale Rival Signals Life in Oil Patch 

The purchase of DoublePoint Energy is the largest for a privately held shale driller since 2011, underscoring recent momentum as oil tops $60 a barrel.

Airlines Want Vaccine Passports but Don't Want to Pay for Them 

Airlines are resisting early European Union plans that could push some of the costs and responsibility for implementing Covid-19 vaccination passports onto the industry.

'Black Widow' Sets Stage for Possible Clash With Theaters 

Cinema owners oppose the studio's decision to release the Marvel film starring Scarlett Johansson at the movies and on the Disney+ streaming service simultaneously.

(END) Dow Jones Newswires

04-04-21 2115ET

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