News Highlights: Top Company News of the Day
January 15 2021 - 5:15AM
Dow Jones News
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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