Sony Shares Fall Sharply on News of Microsoft Deal for Activision Blizzard

Sony Group's shares fell nearly 13% in Tokyo on concerns about tough new competition for its videogame business from the newly announced combination of Microsoft and Activision Blizzard.

 
BHP Metallurgical Coal Operations Disrupted by Australia Covid-19 Surge

BHP Group said a surge in Covid-19 cases in Australia is causing a shortage of workers at its coal pits that will likely constrain how much steelmaking coal the miner can produce in its fiscal year.

 
EQT Aims to Raise Almost $23 Billion for Buyout Fund

EQT AB expects to raise at least EUR20 billion, equivalent to about $22.81 billion, for a 10th buyout fund to further expand its U.S. presence, according to Per Franzen, a partner and global head of private capital's advisory teams.

 
Richemont Christmas Sales Jump

Richemont said sales rose 32% in the third quarter that included Christmas, with demand for its jewelry and strong growth in the Americas boosting its performance.

 
ASML Posts Strong Profit Gain, Sees Sales Rising

ASML posted a net profit of $2 billion for the fourth quarter and forecast sales growth of 20% in 2022 despite lower sales guidance for the first three months of the year due to a significant number of fast shipments.

 
Apple Says Senate Tech Bill Would Hurt Its Privacy Push

The iPhone maker said a proposal in Congress would weaken a privacy-protection tool it rolled out last year, adding that the change could benefit "irresponsible" companies profiting from user data.

 
Activision Blizzard's Workplace Problems Spurred $75 Billion Microsoft Deal

After a California lawsuit and a Wall Street Journal report, the company's stock was falling, board members were getting anxious-and the tech giant was ready to take a gamble.

 
Airlines Cancel Some Flights Ahead of U.S. 5G Wireless Launch

The flight suspensions occurred even as AT&T and Verizon agreed to limit signals within 2 miles of runways to address air-safety concerns.

 
Pfizer's New Covid-19 Pill Works Against Omicron in Lab

The drug's main component worked in three separate laboratory studies, a potentially encouraging sign as the Omicron strain spreads.

 
BJ's Wholesale Club to Move Credit Cards to Capital One, a Blow to ADS

The warehouse club sued Alliance Data Systems, saying the card issuer isn't moving fast enough to transfer accounts.

(END) Dow Jones Newswires

January 19, 2022 03:15 ET (08:15 GMT)

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