News Highlights: Top Company News of the Day
January 26 2022 - 7:15AM
Dow Jones News
AT&T Logs Wireless Gains as It Preps WarnerMedia Split
AT&T Inc. swung to a fourth-quarter profit as it improved
its wireless revenue and shed the burden of its customer-losing
pay-TV business in 2021.
Tesla Poised for Record Annual Profit
Wall Street expects the electric-vehicle maker to report roughly
$5.3 billion in profit on around $53 billion of sales last year,
according to analysts.
Intel Wins Appeal of $1.2 Billion EU Antitrust Fine
The court's decision is a blow to the European Commission, the
bloc's main antitrust regulator, which is seeking to expand its
reach through new regulations and a reinterpretation of its
existing powers.
IBM Cloud Makeover Shows Results
IBM's yearslong makeover into a hybrid cloud and artificial
intelligence company is resonating with customers whose
information-technology strategies have been reshaped by Covid-19,
industry analysts said.
Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says
At present, the company derives 84% of its revenue from rental
income. It plans to bolster revenue by offering extras, like solar
power, forklifts, logistic tech and more at some of its
locations.
TD Bank Targets 2,000 Tech Hires in 2022
Canadian bank company expects to increase the pace of its tech
hiring as it seeks experts in cloud technology, cybersecurity and
AI
Vestas Earnings Miss Forecasts; Industry Faces Multiple Challenges
Vestas Wind Systems posted preliminary full-year underlying
earnings of EUR461 million, equating to a margin of 3%, as it
cautioned the wind power industry continued to be challenged by
supply-chain instability, cost inflation and delays to
projects.
Lonza Earnings Rise; Confirms Mid-Term Targets
Lonza full-year core earnings rose to EUR1.7 billion on a strong
sales gain, as the life-sciences company forecast low- to mid-teens
sales growth in 2022 and confirmed its profit target for 2024.
Metro Unveils Targets Through 2030
Metro said earnings are expected to grow at an annual rate of
3-5% through 2025, rising to over EUR2 billion at the end of the
decade, with growth mainly driven by sales at its food service
distribution business.
Baidu EV Startup Raises $400 Million in Latest Fundraising Round
Baidu Inc.'s smart electric-vehicle arm JIDU has raised nearly
$400 million in a fresh funding round, which will be used to
accelerate its progress toward mass production of its
autonomous-driving cars.
(END) Dow Jones Newswires
January 26, 2022 07:00 ET (12:00 GMT)
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