- Data from 500 million Facebook accounts from a hack dating back to 2019 released online, according to several sources, including Business Insider. That didn't stop the stock from hitting an all-time high yesterday.
- The latest rumors suggest that Credit Suisse has continued to sell off securities from Archegos, including ViacomCBS, Farfetch and Vipshop shares. The bank expects a loss of about CHF900 million in Q1 from the deal, which just cost the heads of investment bank boss Brian Chin and head of risk and compliance Lara Warner.
- LG Electronics will exit the smartphone market.
- Tesla delivered 184,800 vehicles in Q1, significantly more than expected (168,000).
- Air Canada is backing out of the Transat buyout.
- GameStop wants to raise funds by placing up to 3.5 million new shares on the stock market.
- Seadrill is asking its creditors to write off more than 85% of its debt in exchange for control of its capital.
- Softbank takes 40% of Swedish AutoStore for $2.8 billion.
- Japan Airlines is retiring The Boeing Company's B777s equipped with Pratt & Whitney engines from its fleet.
- Sempra sells 20% stake in Sempra Infrastructure to KKR for $3.37 billion.
- Wisekey plans non-fungible tokens for environmental protection.
- The US Supreme Court rules in favor of Google against Oracle in an 11-year-old case on the Java programming language.
- Major corporate results. Paychex, Homeserve, Avanza Bank, NordNet, Europcar...