Einhorn's Greenlight Hit by Investor Redemptions

Billionaire hedge-fund manager 's Inc. faced a wave of redemptions in recent months, pushing his assets below $3 billion.

 
IBM: Some Blue Sky for Big Blue

Growth remains elusive, but Big Blue's earnings projection enough to lift downtrodden stock.

 
Airlines Face Next Test With Earnings

After a punishing 2018, airline stocks are finally starting to catch up with the broader market. The next round of earnings results could help determine how long that rebound lasts.

 
China Regulator Closes Websites, Criticizes Tencent App

Regulators in China continued a crackdown on internet content by closing hundreds of websites and thousands of mobile apps and calling out tech titan Tencent Holdings Ltd.'s news app for spreading "vulgar" information.

 
Hulu Raises Price of Live TV Service, Cuts Cost of Basic Plan

Hulu is lowering the price for its least expensive subscription plan while raising the cost of its live TV offering, a move that aims to bolster its subscriber numbers while increasing the margins on its most expensive plan.

 
P&G Raises Outlook After Another Quarter of Strong Sales

Procter & Gamble reported strong quarterly sales growth, continuing a streak of robust gains and prompting it to raise its outlook for the year.

 
Comcast Lifted by Media and Broadband Growth

Comcast said its NBCUniversal media unit and high-speed internet business fueled growth in the fourth quarter. The company also raised its quarterly dividend.

 
Metro, Challenger to U.K.'s Banking Establishment, Drops One-Third in Value

Metro Bank, which became Britain's first new lender in more than a century when it was launched by an American banker in 2010, lost over a third of its value Wednesday.

 
Walmart to Drop Lawsuit Against Credit-Card Issuer Synchrony

Synchrony Financial said Walmart has agreed to dismiss a lawsuit against the bank that alleged it breached the terms of their long-running credit-card deal.

 
Boeing's Autonomous Taxi Takes Flight

Boeing said its prototype for an autonomous air taxi completed a first test flight, heating up a race among aerospace companies hoping to transform urban transit.

(END) Dow Jones Newswires

January 23, 2019 13:15 ET (18:15 GMT)

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