Morgan Stanley Profit Rises 9%

The bank joined its peers in posting gains in investment banking but a decline in trading revenue.

 
Bank of America's Quarterly Profit Rises 28%

Higher interest income and record investment banking revenue pushed the lender to higher earnings, bucking the trend at some other large U.S. banks.

 
Sony Braces for Microsoft's 'Pay-to-Win' Strategy

Sony shares dropped nearly 13% after Microsoft's announced megadeal for Activision. Its investors are right to be concerned.

 
State Street Profit Rises on New Business, Market Gains

The financial holding company's net income rose 30% to $697 million in the fourth quarter.

 
Microsoft's Activision Deal to Power Its Netflix-of-Gaming Aspirations

With its $75 billion deal for Activision Blizzard, Microsoft aims to shake up the gaming industry by building out its library of blockbusters and bolstering its efforts to entice consumers onto its cloud-gaming service.

 
P&G Says Shoppers Unbowed by Higher Prices

Quarterly sales rose 6%, led by health and cleaning products, with price increases accounting for half of the jump.

 
UnitedHealth Logged Steady Revenue Growth to Close 2021

The healthcare and health-insurance company showed little sign of serious impact from costs tied to soaring levels of Covid-19 cases that the Omicron variant brought last month.

 
Fetch Rewards Hires Facebook Retail Executive as Its First Customer Chief

Fetch Rewards, a SoftBank-backed consumer rewards company, has named David Sommer as its first chief customer officer. He was previously head of industry at Facebook parent Meta Platforms.

 
Covid-19 Claims a Big Cruise-Line Victim

The insolvency of Genting Hong Kong's shipbuilding unit put $2.8 billion of the company's debt in cross default.

 
Richemont Climbs as Sales Rise Suggests Earnings Upgrades

UPDATED: Richemont shares surged after the luxury-goods group posted consensus-beating quarterly sales, with analysts predicting upgrades to the company's earnings estimates for fiscal 2022.

(END) Dow Jones Newswires

January 19, 2022 11:15 ET (16:15 GMT)

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