News Highlights: Top Company News of the Day
January 24 2022 - 1:30PM
Dow Jones News
Meta Unveils New AI Supercomputer
When the AI Research SuperCluster is fully built it will be the
fastest AI supercomputer in the world, the Facebook-parent says
Peloton Bucks Market Trend After Activist Letter, 'Billions' Appearance
Peloton Interactive shares rose after The Wall Street Journal
reported Blackwells Capital wants the company to fire its chief
executive and explore a sale.
Google Deceived Users About Location Tracking, States Alleges
The company tracks people's movements using information from its
search engine, Maps app, Wi-Fi and Bluetooth services even after
users turn off location tracking, a lawsuit filed by Washington,
D.C., alleges. Google disputed the allegations.
Kohl's Shares Surge 30% on Takeover Bids for Retailer
Starboard and Sycamore have made separate approaches for the
department-store chain, according to people familiar with the
matter.
Start of Palin Case Against New York Times Delayed After She Tests Positive for Covid
Jury selection was scheduled to begin Monday in Manhattan
federal court. U.S. District Judge Jed Rakoff said he was
postponing the trial until Feb 3.
Tesla Countersues JPMorgan in Fight Over Warrants
The electric-car maker alleges the bank's dislike of Elon Musk
is behind its $162 million lawsuit in November.
Ford Shuts Off Orders for New $20,000 Maverick Pickup
With more-affordable vehicles in short supply, the auto maker
said demand for the new pickup truck has surged and it is straining
to fill a backlog of orders.
Evergrande Asks Overseas Creditors for More Time
The Chinese property developer pleaded for time to get a grip on
its complicated financial situation and warned that drastic legal
action could be destabilizing.
Allstate and Hancock Seek Careful Drivers With Healthy Diets
A partnership between the insurers will reward safe drivers with
potentially cheaper life insurance.
Unilever Shares Rise After Activist Investor Trian Takes Stake
The Dove soap owner's share price has lagged behind peers over
the past year. But news of Nelson Peltz's stake, the size of which
couldn't be learned, is expected to accelerate the company's
efforts to improve its performance.
(END) Dow Jones Newswires
January 24, 2022 13:15 ET (18:15 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.