News Highlights: Top Company News of the Day
January 18 2022 - 9:30AM
Dow Jones News
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 09:15 ET (14:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.