News Highlights: Top Company News of the Day
January 26 2021 - 5:30PM
Dow Jones News
Microsoft Puts Up Strong Numbers
The software giant posted record quarterly sales, underpinned by
pandemic-fueled demand for videogaming and accelerated adoption of
its cloud-computing services.
Starbucks's Sales Improve Despite Covid-19 Restrictions
The coffee giant said Chief Operating Officer Roz Brewer is
leaving the company.
Trucker TFI International Aims to Boost Margins at UPS Freight
TFI International plans to spend $50 million to $75 million to
upgrade the UPS Freight fleet and renegotiate prices for the
carrier's shipping customers.
Verizon Internet Outage Disrupts Usage in Northeast
A midday network slowdown marred service around New York,
Philadelphia and Washington, D.C.
Volkswagen Asks Supreme Court to Block Local Emissions Regulations
The German auto giant is trying to overturn a lower-court ruling
that could open the car industry to oversight from
municipalities.
GE Reports Surge in Year-End Cash Flow
The boost in cash came from orders in its power and renewables
divisions, along with improved financial efficiency.
LVMH Gets Boost From Vuitton, Dior
Surging revenue at the big fashion brands bolstered the
luxury-goods company's results, offsetting other businesses such as
Champagne.
Commerce Nominee Pledges Tough China Stance
Rhode Island Gov. Gina Raimondo was less forthcoming in Senate
hearings about the Biden administration's stance on the
blacklisting of Huawei Technologies.
J&J Expects Covid-19 Vaccine Results by Early Next Week
The drugmaker aims to provide about 100 million doses
domestically by the end of June if study results are positive and
the U.S. authorizes its shot.
PepsiCo, Beyond Meat Form Plant-Based Foods Venture
Planet Partnership will develop snacks and beverages made from
plant proteins, expanding the market reach of alternative
products.
(END) Dow Jones Newswires
January 26, 2021 17:15 ET (22:15 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.