Exxon Planning Board, Other Changes Amid Activist Pressure

The oil giant is discussing adding one or more new directors to the board and stepping up sustainability investments.

 
Fiat Chrysler Reaches DOJ Settlement Over Union Corruption

The auto maker's U.S. subsidiary has agreed to plead guilty to a criminal charge and pay a $30 million fine for violating labor laws.

 
Boeing Reports Record Annual Loss

The aerospace giant took a big financial hit on its new 777X jetliner, reflecting the pandemic's worsening toll on the company.

 
JPMorgan Chase to Launch U.K. Digital Consumer Bank

The new unit will offer services via a mobile app, a move the bank said would be its first entry into the British retail-banking market.

 
Facebook's Ad Machine to Power Growth; Antitrust Issues in Focus

The social-media giant is expected to post record revenue for the fourth quarter as holiday shopping and increased use during the Covid-19 pandemic are seen driving a surge in digital-ad spending.

 
Ant Plans Major Revamp in Response to Chinese Pressure

Jack Ma's Ant Group plans to turn itself into a financial holding company overseen by China's central bank, responding to pressure to fall fully in line with financial regulations.

 
AT&T Books $15.5 Billion Charge on DirecTV Unit

The write-down resulted in a fourth-quarter loss and comes as the media and telecom giant has been exploring a potential sale of part of its legacy pay-TV business.

 
Apple's iPhone 12 May Have Delivered a Record $100 Billion Quarter

The company is expected to have finished 2020 with its most profitable quarter ever, fueled by an uptake in higher-end iPhone sales and a pandemic-induced surge in demand for its laptops and tablets.

 
The Best and Worst U.S. Airlines of 2020

The pandemic made flying tougher on all carriers, but the ones that handled the challenges best tended to be the ones that had outperformed rivals in previous years.

 
Blackstone Earnings Rise With Market

The firm reported higher earnings for the fourth quarter as the value of its private-equity portfolio climbed 10.6%, compared with the S&P 500's 11.7% gain.

(END) Dow Jones Newswires

January 27, 2021 11:15 ET (16:15 GMT)

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