Intel's Earnings Boosted by Data-Center, PC Demand

Intel posted strong fourth-quarter earnings that benefited from an upswing in personal-computer shipments and robust demand for chips to power data centers.

 
Founder of Opioid Maker Sentenced to 5 1/2  Years in Prison

The sentencing of John N. Kapoor, founder of Insys Therapeutics, caps the fall of a former pharmaceutical industry highflier along with the company and several fellow officials.

 
Judge Approves McDermott's $2.8 Billion Bankruptcy Financing Deal

The judge overseeing McDermott International's bankruptcy case granted approval for the company's proposed $2.8 billion financing deal at the company's initial court appearance.

 
Wells Fargo Ex-CEO Banned, to Pay $17 Million in Fake-Account Scandal

Former Wells Fargo CEO John Stumpf was barred from the banking industry and agreed to pay $17.5 million in a settlement with the Office of the Comptroller of the Currency.

 
Jobs, Cook, Ive-Blevins? The Rise of Apple's Cost Cutter

Apple procurement executive Tony Blevins's job is to stare down suppliers and slash prices to the bone. It's a role increasingly vital to Apple as its iPhone sales slow and the company protects its high margins and status as an operations juggernaut.

 
Former Daily News Editor in Chief to Run Deadspin

G/O Media has turned to veteran editor Jim Rich to lead Deadspin, the sports website that has been rudderless since its entire staff resigned last fall

 
Travelers Posts Higher Profit But Warns About Lawsuit Payments

The insurer, one of the first big property-casualty insurers to report quarterly earnings, posted a higher fourth-quarter profit but said it faced higher-than-expected claims payments for lawsuits and jury awards.

 
Union Pacific to Cut Nearly 3,000 Jobs

The railroad operator said it plans to cut nearly 3,000 jobs this year as it pushes ahead with its new operating plan. The company's profit fell almost 10% in the fourth quarter.

 
MAX Operators Lose Ground

U.S. airlines that operate the Boeing 737 MAX are facing the prospect that the aircraft's prolonged grounding could stymie their growth and benefit competitors well into this year.

 
Xerox to Nominate 11 Candidates to Replace HP's Board

Xerox's move comes as it pushes a $33 billion unsolicited takeover bid for the computer and printer maker.

(END) Dow Jones Newswires

January 23, 2020 17:15 ET (22:15 GMT)

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