BuzzFeed to Cut 15% of Its Workforce

BuzzFeed is planning to lay off about 15% of its workforce, as the company seeks to reorient itself in a shifting digital-media landscape.

 
Advocacy Groups Urge FTC to Pursue Facebook Breakup

Several advocacy groups are urging the FTC to seek a breakup of Facebook as the agency weighs possible penalties against the social media company for privacy violations.

 
Ford Swings to a Loss, Misses Analysts' Profit Estimates

Ford's fourth-quarter operating income dropped 28% amid worsening losses in China and Europe, underscoring the pressure on the auto maker's stout U.S. business as Chief Executive Jim Hackett tries to revitalize the company.

 
Hydro One and Avista Terminate Deal

Hydro One has terminated its planned purchase of Avista after the deal encountered multiple regulatory setbacks in the U.S.

 
Biotech Firm Files to Go Public With Workaround Amid IPO Freeze

Gossamer Bio has filed to go public using a rare workaround that would let it wriggle into the public markets in the midst of the government shutdown, and an energy company is likely to make the same move soon.

 
Verizon To Lay Off 7% of Media Group Staff

Verizon Communications Inc.'s beleaguered media group is laying off 7% of its staff and is focusing on fewer areas to revive its fortunes, according to people familiar with the matter.

 
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.

 
United Tech's Profit Jumps on Aerospace Strength, Tax Savings

United Technologies said it expects its revenue and profit to rise this year as the industrial conglomerate works on breaking itself up into three businesses.

 
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.

(END) Dow Jones Newswires

January 23, 2019 19:15 ET (00:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.