Credit Suisse Investment Bank Set for Loss after Legal Hit

UPDATED: Credit Suisse is set to post a loss for its investment bank for the final three months of 2021, as a slow down in trading revenues and a CHF500 million hit from legal costs prove to be another blow to the Swiss bank after a series of crises.

 
Rio Tinto Reaches Deals to Break Mongolia Copper Logjam

In a sign of resource nationalism's impact on the mining sector, Rio Tinto renegotiated agreements with the Mongolian government so that a delayed and costly expansion of the Oyu Tolgoi copper mine can advance.

 
Ericsson 5G Rollout Delivers Profit Beat

Ericsson posted a fourth-quarter net profit of SEK10 billion, as strong sales of 5G equipment in North America, Europe and Latin America helped offset a hefty sales decline in mainland China.

 
Rémy Cointreau Maintains Outlook as Sales Grow

Rémy Cointreau confirmed its guidance for the financial year, including strong organic growth in sales and "very strong" growth in operating profit, after the drinks group posted a 21% rise in third quarter sales.

 
Twitter Plans to Expand Engineering Center in Singapore

Twitter Inc. plans to double the number of engineers it has in Singapore to more than 100 by 2023, as part of efforts to expand its engineering hubs outside the U.S.

 
GameStop, Meme Stocks Hit by Market Turmoil

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

 
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.

 
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.

 
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.

(END) Dow Jones Newswires

January 25, 2022 05:15 ET (10:15 GMT)

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