Microsoft to Buy Activision Blizzard

Microsoft agreed to buy Activision Blizzard in an all-cash deal valued at $68.7 billion, using its largest acquisition by far to grab a videogame heavyweight that has been roiled by claims of workplace misconduct.

 
Goldman Sachs Sees Profit Slip 13%

Trading revenue fell in the fourth quarter, though the bank continued to benefit from ebullient deal making.

 
Exxon Pledges to Reduce Carbon Emissions From Operations to 'Net Zero'

Exxon Mobil said its ambition is to reduce or offset greenhouse-gas emissions from its operations to zero by 2050, as investor and public pressure mount on oil producers to respond to climate change.

 
Blackstone Property Fund Targeting Small Investors Passes $50 Billion

Blackstone Real Estate Income Trust, started five years ago, has scooped up rental-apartment buildings, warehouses, office buildings and casinos, among other types of properties.

 
Citigroup Nears Sale of Taiwan Consumer-Banking Business

Final details of the deal with Singapore-based DBS are under deliberation, and the transaction is likely to be valued at $1.8 billion to $2.2 billion, a person familiar with the matter said.

 
Macellum Urges Kohl's to Make Changes or Explore Sale

The activist investor is renewing a push to get the department-store chain to take action to boost its lagging stock, including altering its board.

 
BlackRock's Climate Stance Is About Profits, Not Politics, Fink Says

In his annual letter to the CEOs of the companies in which BlackRock invests, Larry Fink said businesses that don't plan for a carbon-free future risk being left behind. The quest for long-term returns, and not politics, is what animates the money manager's efforts, he wrote.

 
Big U.S. Companies Step Up Hiring of Female, Black CFOs

America's biggest businesses employed more female and Black finance chiefs in 2021 than ever before, albeit coming from a relatively low base, a trend recruiters expect will accelerate in 2022.

 
Rio Tinto's Australian Iron-Ore Shipments Fell in 2021

Rio Tinto's annual iron-ore shipments from its Australian mining operations fell by 3% in 2021 with projects disrupted by a worker shortage and supply chain issues, but expects shipments will likely increase this year.

 
Hugo Boss Gets Into Gear as Online Sales Surge

Higher online sales and good brand development helped Hugo Boss post consensus-beating top-line and earnings growth in the final quarter of 2021, according to preliminary figures.

(END) Dow Jones Newswires

January 18, 2022 09:00 ET (14:00 GMT)

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