News Highlights: Top Company News of the Day
January 27 2021 - 5:30PM
Dow Jones News
Apple's iPhone 12 Delivered a Record $111.4 Billion Quarter
Apple finished 2020 with its most profitable quarter ever,
fueled by an uptick in higher-end iPhone sales and a
pandemic-induced surge in demand for its laptops and tablets.
Tesla Posts First Full-Year Profit
Elon Musk's electric-vehicle maker notched record deliveries
last year and expects to ramp up production significantly this
year.
Facebook's Ad Business Drives Record Revenue
The social-media giant posted revenue of $28.07 billion, up from
$21.08 billion in the final quarter of 2019, and its profit rose
52%.
EU Clashes With AstraZeneca Over Covid-19 Vaccine Shortfall
The European Union demanded that AstraZeneca stick to a
previously agreed schedule for delivering doses of its Covid-19
vaccine to the 27-nation bloc and, if necessary, supply the vaccine
from factories in the U.K.
Exxon Plans Board Changes Amid Activist Pressure
The oil giant is discussing adding one or more new directors to
the board and stepping up sustainability investments.
WHO Recommends Against Moderna, Pfizer Vaccines for Most Pregnant Women
The World Health Organization gave new guidance about Moderna's
Covid-19 vaccine this week, recommending generally against its use
for most pregnant people, echoing similar guidance for the Pfizer
and BioNTech shot.
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 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.
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.
(END) Dow Jones Newswires
January 27, 2021 17:15 ET (22:15 GMT)
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