Intel Earnings Drop, Revenue Edges Higher

The semiconductor maker's net income fell 21% in the fourth quarter at a time of booming demand in the chip industry.

 
Tesla Posts Record Annual Profit

Elon Musk's electric-vehicle maker posted a $5.5 billion annual profit on $53.8 billion of sales last year, up from $721 million in profit and $31.5 billion in sales in 2020.

 
BJ's Wholesale Is Buying Up Distribution Centers

The acquisition from distribution services provider Burris Logistics marks the latest move by retailers to take over management of their supply chains.

 
AARP, Google to Launch Digital Skills Program for Older Workers

The advocacy group said a new program, aided by a grant from Google, will aim to train low-income people ages 50 and older on helping them with their careers.

 
AT&T Cautions Wireless Industry's Gains Will Slow

The telecom company 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.

 
China Evergrande Promises to Play by the Book in Debt Restructuring

The developer said that within six months, it aims to release a global restructuring plan that would respect offshore creditors' rights, after a group of bondholders threatened to sue the company for failing to engage with them.

 
Abbott's Rapid Covid-19 Tests Boost Quarterly Sales Growth

The company's rapid-test brands sold $2.1 billion of diagnostics in the last quarter of 2021, but demand is expected to be lower this year.

 
Kimberly-Clark's Costs Are a Problem. The Stock Is Tumbling.

The company posted net profits of $357 million, below analysts' expectation for $421.9 million, but raised its dividend for the 50th consecutive year.

 
Verizon's TracFone Customers Complain of Phone-Number Thefts

Verizon says it has addressed issues that appeared to affect about 6,000 TracFone customers who have had their phone numbers commandeered.

 
Boeing Reports Loss as 787 Charges Mount

The plane maker expects to deliver more of its 737 MAX and Dreamliner jets this year and iron out the production problems that have hamstrung its business.

(END) Dow Jones Newswires

January 26, 2022 17:15 ET (22:15 GMT)

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