News Highlights: Top Company News of the Day
January 19 2022 - 1:15PM
Dow Jones News
Unilever Says It Won't Raise Offer for GSK Consumer Health Division
Unilever said it won't increase its GBP50 billion offer for
GlaxoSmithKline's majority-owned consumer healthcare division,
after noting its financial assumptions and determining it doesn't
change its fundamental value view.
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 Prices Will Keep Rising
Its quarterly sales rose 6%, led by health and cleaning
products, with price increases accounting for half of the jump.
UnitedHealth Logs Steady Growth
The healthcare and health-insurance company's fourth-quarter
results showed little sign of a serious impact from costs tied to
Omicron's spread 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.
(END) Dow Jones Newswires
January 19, 2022 13:00 ET (18:00 GMT)
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