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News Highlights: Top Company News of the Day

04/08/2021 | 09:16pm EDT
Nike Settles Lil Nas X Satan Shoe Lawsuit With MSCHF 

MSCHF, the small company behind the Satan Shoes, will offer to repurchase the sneakers from consumers for their original price as part of the settlement.

U.S. Blacklists Chinese Entities It Says Are Aiding Weapons Program 

The Biden administration's action bars American companies from supplying advanced semiconductors to Chinese supercomputing developers.

P&G Worked With China Trade Group on Tech to Dodge Apple Privacy Rules 

Procter & Gamble helped develop an advertising technique being tested in China to gather iPhone data for targeted ads, seeking to find a way around Apple's new privacy tools, according to people familiar with the matter.

AstraZeneca Vaccine Restrictions Pile Up, Complicating Shot Rollouts 

Australia said it is reassessing its purchases of the company's Covid-19 shot and its timeline for all residents to be vaccinated.

SoftBank to Invest $500 Million in Mortgage Startup Better 

The Japanese investing giant seeks to ride a wave of swelling startup valuations with an investment that values the mortgage startup at $6 billion.

GM to Halt Production at Several Plants Due to Chip Shortage 

Scant supplies of in-demand semiconductors prompted General Motors to idle several North American factories and extend shutdowns at others, putting a strong sales rebound in jeopardy.

A Sanitized Disneyland Is About to Reopen 

The pandemic has kept the theme park closed for more than a year, a hiatus Disney's parks chief has used to rethink some features of the popular tourist destination.

Netflix Inks Deal for Rights to Sony Movies, Including Coming 'Spider-Man' Films 

The multiyear pact will start with Sony Pictures Entertainment's 2022 movie slate and will include streaming rights to older films from Sony's library.

Texas Wind Farm Denied Protection From Citi Over $113 Million Storm Bill 

A New York judge refused to issue an injunction protecting Stephens Ranch Wind Energy against the alleged risk of a takeover by Citigroup over a $113 million bill stemming from the winter storm that swept the state in February.

Zohar Funds Warn of $150 Million Loss on Lynn Tilton's Proposed Auto Supplier Deal 

Turnaround manager Lynn Tilton is dueling with the bankrupt investment funds she created over her proposed deal to buy Global Automotive Systems.

(END) Dow Jones Newswires

04-08-21 2115ET

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 0.15% 149.48 Delayed Quote.12.65%
ASTRAZENECA PLC 1.08% 8863 Delayed Quote.21.01%
CITIGROUP INC. -1.82% 70.51 Delayed Quote.14.35%
DJ INDUSTRIAL -0.02% 35603.08 Delayed Quote.15.85%
GENERAL MOTORS COMPANY 1.28% 58.41 Delayed Quote.40.27%
NETFLIX, INC. 4.48% 653.16 Delayed Quote.20.79%
NIKE, INC. 2.35% 162.18 Delayed Quote.14.64%
SOFTBANK GROUP CORP. -2.06% 6574 End-of-day quote.-18.42%
SONY GROUP CORPORATION -1.21% 12665 End-of-day quote.23.14%
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