U.S. Blacklists Xiaomi, Spares Alibaba, Tencent and Baidu 
 

Smartphone giant Xiaomi became the latest Chinese technology group to be targeted by the Trump administration, with its surprise addition to an investment blacklist sending its shares sharply lower.

 
SAP Forecasts Flat Revenue After Fourth-Quarter Rebound 
 

SAP said it expected cloud and software revenue for 2021 to be flat to up 2%, with operating profit of EUR7.8-EUR8.2 billion, as the software giant released fourth-quarter results ahead of forecasts.

 
U.S. Moves to Block Telecom Tech From China and Others Deemed Foes 
 

It will be up to the Biden administration to follow through on the new rules, which also names Iran and North Korea.

 
Apple's App Store Removes Wimkin Over Calls to Violence 
 

Apple removed social-media platform Wimkin from its App Store, part of a crackdown by tech companies on potentially dangerous content during the presidential transition. The small site, which markets itself as a free-speech haven, had hosted posts that included a call for civil war.

 
GameStop Stock Soars, and Social-Media Traders Claim Victory 
 

Members of Reddit's popular WallStreetBets forum have been touting the videogame retail for weeks.

 
Jumia Shares Notch Third Straight Day of Gains 
 

Citron Research, which once had a short position on Jumia, now believes the e-commerce company's stock could grow.

 
Intel's 'Chief Geek,' Pat Gelsinger, Returns as CEO 
 

The appointment of 30-year Intel veteran Pat Gelsinger marks a turning point for the company as it battles market-share losses and weighs its strategic direction.

 
Cisco Agrees to New Deal to Buy Acacia for $115 a Share 
 

The networking-equipment giant boosted its purchase price for Acacia, which makes optical interconnect technologies, by 64%.

 
Toyota to Pay $180 Million Over Delayed Emissions Defect Reports 
 

The Justice Department complaint alleged several Toyota entities violated the Clean Air Act's requirements for reporting emissions-related defects in automobiles for about a decade.

 
Rio Tinto, BHP Copper Project to Clear U.S. Hurdle 
 

The U.S. Forest Service is expected to release a final environmental impact statement for and 's Resolution Copper project in Arizona., that will open the door to a land exchange needed to develop the giant deposit.

(END) Dow Jones Newswires

January 15, 2021 05:00 ET (10:00 GMT)

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