Johnson & Johnson's Profit Is Boosted by Pharmaceuticals Business

The coronavirus pandemic continued to drag down sales of medical devices as people postponed elective procedures, but modest growth in consumer-health products also contributed to the sales boost in the latest quarter.

 
Verizon Predicts Wireless Growth Despite Pandemic

Carrier's profit and sales slipped in the fourth quarter as higher costs burdened its bottom line, though the company issued a more upbeat view of its prospects in 2021.

 
3M Expects Sales Growth as Customers Return to Offices, Schools

The St. Paul, Minn.-based manufacturer said it has delivered 2 billion N95 masks around the world and is making more than 95 million a month in the U.S.

 
GE Reports Surge in Year-End Cash Flow

The surge of cash came from orders in its power and renewables divisions, along with improved financial efficiency.

 
Twitter is Buying Newsletter Provider Revue

The move reflects interest among social-media companies in providing content creators with tools to make money.

 
Amazon Set to Hire 3,000 Corporate Employees in Boston

Amazon.com is planning to add 3,000 employees in its corporate ranks in the Boston area, one of a number of expansions of technology jobs in major American cities for the company.

 
UBS Plans $4.5 Billion Share Buyback as Profit Surges

The Swiss bank powered through the coronavirus pandemic with some of the best financial results in global banking.

 
NRG Energy CFO Focusing on Cutting Costs, Pricing After Direct Energy Deal

NRG Energy Inc. Chief Financial Officer Kirkland Andrews is focusing his attention on reviewing the energy company's costs and pricing strategy after it wrapped up a $3.6 billion deal to acquire Direct Energy earlier this month.

 
Trilantic, Generate Capital and Others Invest $600 Million in Intersect Power

The San Francisco-based company will use the capital to build seven solar projects and to expand into green hydrogen.

 
Garrett Motion Shareholders, Backed by General Atlantic Venture, Launch Rival Restructuring Plan

An investment venture between private-equity firm General Atlantic and credit veteran Tripp Smith is teaming up with minority shareholders of Garrett Motion Inc. to propose an alternate restructuring of the bankrupt auto supplier, challenging its planned deal with its majority owners.

(END) Dow Jones Newswires

January 26, 2021 09:15 ET (14:15 GMT)

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