Apple's iPhone 12 Helped Deliver 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 Zuckerberg Sees Battles Escalating With Apple on Privacy, Messaging 
 

Chief executive says changes planned by the iPhone maker could hurt Facebook's ad business, which lifted the social-media giant to record fourth-quarter revenue and profits.

 
Samsung Profit Gets Lift From Pandemic 
 

The South Korean tech giant is contending with its de facto leader Lee Jae-yong being back behind bars. And its rivals, for handsets and semiconductors, are consolidating and getting larger.

 
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.

 
Reddit's WallStreetBets Forum Briefly Goes Dark 
 

A message on the forum's landing page initially said WallStreetBets had been taken private by its moderators because off technical difficulties on an "unprecedented scale as a result of the newfound interest in WSB."

 
European Regulator OK's 737 Max Return 
 

Boeing Co. and some of its airline customers got an immediate boost from Wednesday's ungrounding of 737 MAX jets across Europe, but the move also portends more-stringent safety reviews of future U.S. aircraft by the region's aviation regulator.

 
Las Vegas Sands Will Abide by Founder Sheldon Adelson's Vision 
 

The global casino operator's new chief executive, Rob Goldstein, says investments in Asia and expansion in the U.S. are next.

 
Rio Tinto Names Simon Trott as Iron Ore Chief Executive 
 

Rio Tinto elevated an executive experienced in negotiating with Chinese buyers to run its iron-ore business at a time of heightened tensions between Canberra and Beijing.

 
Fortescue 2nd-Quarter Iron-Ore Shipments Flat 
 

Fortescue, the world's No. 4 exporter of iron ore, recorded iron-ore shipments of 46.4 million metric tons for the three months through December, the same level as a year ago and 5% higher than the quarter immediately prior.

(END) Dow Jones Newswires

January 27, 2021 21:15 ET (02:15 GMT)

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