Jay-Z to Boost Minority-Owned Cannabis Businesses

The rapper is creating a $10 million fund to invest in startups, saying people of color have missed out on the marijuana boom.

 
Morgan Stanley Profit Shoots Higher, Fueled by Wall Street

The bank's fourth-quarter profit rose 51% from a year earlier, another big U.S. lender to emerge from a turbulent year in better shape than was expected at the onset of the pandemic.

 
KKR-Led Lenders Aiming To Restructure Belk Without Bankruptcy

Some lenders to the department store chain are hoping to avoid the expense and conflict that retailers often face in bankruptcy. Besides that, in recent years retailers have often begun in Chapter 11, but ended up in liquidation.

 
Procter & Gamble Gets Shoppers to Pay Up

The company's sales surged in the most recent quarter, fueled in part by demand for high-end household products from pricey dish soap to a $300 electric toothbrush.

 
UnitedHealth's Profit Slips as Health-Care Visits Return

Fourth-quarter revenue climbed to $65.47 billion, up from $60.9 billion in the same quarter a year earlier. Costs also rose.

 
Wimkin Removed From Google Play

The takedown follows the suspension of the small social-media network from Apple's App Store last week, also for posts deemed to incite violence.

 
Netflix Tops 200 Million Subscribers for the First Time

The streaming giant said it added 8.5 million subscribers in the fourth quarter, ending last year with an additional 37 million altogether.

 
Moderna CEO Expects 100 Million Vaccine Doses by End of March

The drugmaker is on track to help meet President-elect Joe Biden's goal for his first 100 days in office, Chief Executive Stéphane Bancel said.

 
Sixth Street Partners to Acquire Life Insurance Business Talcott Resolution for $2 Billion

The agreement is the latest ownership change in a decade of frenzied industrywide life-insurance deal activity.

 
BHP Flags Up to $1.25 Billion Impairment Charge

BHP Group said it produced more iron ore but less coal, copper and petroleum in the first half of its fiscal year, as it flagged an impairment charge of between $1.15 billion and $1.25 billion against an Australian coal unit.

(END) Dow Jones Newswires

January 20, 2021 13:15 ET (18:15 GMT)

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