Activist Investor to Call on Peloton to Fire Its CEO 
 

Blackwells Capital to push stationary-bike maker to explore a sale, sources say.

 
Activist Investor Nelson Peltz Buys Stake in Unilever 
 

Trian Fund Management has acquired a stake in Unilever, adding pressure to the packaged food and consumer goods giant after its failed bid to buy GlaxoSmithKline's consumer health unit.

 
Philips Sales Fall as Supply Chain Issues Persist 
 

Philips reported a steep drop in fourth quarter earnings to EUR647 million due to supply chain and Covid-19 related challenges and said it expects to start the new year with a comparable sales decline followed by a recovery and strong second half.

 
China Evergrande Shares Jump After Appointing China Cinda Executive 
 

Shares of China Evergrande Group soared after it appointed an executive at the state-owned China Cinda Asset Management Co. to its board, a sign that the struggling developer is making some progress toward resolving its liquidity crisis.

 
Kohl's Can't Find Relief From Investor Pressure 
 

In a letter, Engine Capital urged Kohl's to run a sale process following Starboard Value's bid, as activists remain unsatisfied with the pace of the the department-store chain's turnaround.

 
Big Tech Headlines Key Earnings Week Amid Nasdaq Slide 
 

Investors will be looking for reassurance after the Nasdaq notched a 12% decline to start the year.

 
Software Provider Globalization Partners Gets Vista Equity Backing at $4.2 Billion Valuation 
 

Vista Equity Partners' credit investment unit is backing a roughly $200 million convertible preferred equity investment in Globalization Partners.

 
Winter Olympics Are Two Weeks Away, but Sponsors Are Keeping Low Profile 
 

Visa, P&G and Coca-Cola are among the top-tier sponsors of the Winter Games that are keeping a relatively low profile as Washington highlights human rights in China's Xinjiang region.

 
Cathay Pacific Expects Narrowed FY Loss But Sees Cash Burn on Travel Curbs 
 

Cathay Pacific Airways expects to post a narrowed net loss for 2021 but said that travel restriction-driven drops in capacity will turn cash flow negative from February onward.

 
Empty Private Jet Flights Hastened Credit Suisse Chairman's Exit 
 

A bank review of António Horta-Osório's travel found that Credit Suisse was paying for planes to return empty after dropping him off in London and Lisbon.

(END) Dow Jones Newswires

January 24, 2022 03:15 ET (08:15 GMT)

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