GameStop, Meme Stocks Hit by Market Turmoil 
 

AMC Entertainment, GameStop and other stocks popular with individual investors sold off Monday.

 
Rio Tinto, Oyu Tolgoi Partners Reach Agreements to Advance Copper Project 
 

Rio Tinto has reached agreements with Turquoise Hill Resources and Mongolia's government on the Oyu Tolgoi copper mine expansion in South Gobi desert that have led the partners to approve the start of underground operations.

 
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.

 
IBM Sales Surge. Changes Are Beginning to Pay Off. 
 

The tech giant reported strong fourth-quarter results, including its best quarterly sales growth in more than a decade.

 
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.

 
Google Deceived Users About Location Tracking, States Allege 
 

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.

 
Peloton Stock Rises Almost 10% 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.

 
Bob Dylan Sells Entire Recorded Music Catalog to Sony Music 
 

The company didn't disclose a price for the deal, which it said includes the rights to multiple future releases.

 
Judge Rejects Trade-Secret Theft Lawsuit Against H.I.G. Capital 
 

A federal judge rejected allegations that private-equity firm H.I.G. Capital gained access to confidential information of TransPerfect Global Inc. and used it to try to poach clients from the translation company.

 
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.

(END) Dow Jones Newswires

January 24, 2022 23:15 ET (04:15 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.