News Highlights: Top Company News of the Day

05/02/2021 | 09:16pm
Warren Buffett
Dell Nears Deal to Sell Boomi to TPG, Francisco Partners 

Dell Technologies is close to a deal to sell its Boomi cloud business to private-equity firms Francisco Partners and TPG, as part of a reordering of the PC and data-storage giant's business.

Trading Frenzy Boosts Robinhood's Biggest Business 

The trading app generated $331 million in payments for order flow during the first three months of 2021.

JD Logistics Files Draft Prospectus for Hong Kong IPO, China's second-largest e-commerce company, has filed a draft prospectus with the Hong Kong stock exchange to list its logistics business.

Litigation Without End: Chevron Battles On in 28-Year-Old Lawsuit 

Facing a huge damage award U.S. courts deem fraudulent, the oil company is trying to get the pollution verdict voided in Ecuador, the country it came from. Its nemesis, a plaintiffs' lawyer now disbarred and under house arrest, is about to go on trial himself.

Epic vs. Apple Trial: Tim Cook, Tim Sweeney and the Other Key Players in Antitrust Lawsuit 

Current and former Apple and Epic Games executives expected to testify in Epic's antitrust case against Apple.

From Apple to Domino's Pizza, U.S. Companies Scramble to Meet Surge in Demand 

Supply-chain snarls and labor shortages are crimping some businesses looking to ride a rebound in the U.S. economy.

PE-Backed Chain Threatens to Shut Two Hospitals Over Financial Dispute 

The conflict with Rhode Island is one of several disagreements involving hospital chains owned by private-equity firms and state and local governments.

SpaceX Capsule Returns to Earth in Rare Nighttime Splashdown 

A SpaceX capsule with four astronauts returning from the International Space Station splashed down early Sunday safely in the Gulf of Mexico, the first such nighttime return to earth for NASA since 1968.

Berkshire Hathaway Returns to Quarterly Profit 

Warren Buffett's conglomerate reported first-quarter net income of $11.7 billion, compared with a loss of $49.7 billion a year ago.

Warren Buffett Defends Berkshire's Moves Over Pandemic Year 

At the company's virtual annual meeting, Berkshire Hathaway chairman criticized SPACs and day traders driving up valuations and discussed getting out of the airline sector.

(END) Dow Jones Newswires

05-02-21 2115ET

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