Don Julio Maker Is Running Low on Booze That Takes Years to Make

Diageo said soaring pandemic demand is depleting stocks of Crown Royal whisky, Lagavulin Scotch and Don Julio tequila.

 
AMD's Planned Purchase of Xilinx Clears Last Big Regulatory Hurdle

China's market regulator conditionally approves the $35 billion deal, which AMD and Xilinx had reached in October 2020.

 
Mastercard's Profit Topped Estimates. Investors Don't Appear Impressed.

Mastercard stock was weak after the company issued tepid guidance. It's an overhang for Visa as well.

 
Southwest Turns Quarterly Profit, Says Worst of Omicron Is Over

The Dallas-based airline posted a fourth quarter profit of $68 million, up from a loss of $908 million a year earlier, fueled by strong demand for travel over the holidays.

 
Comcast's Broadband Growth Slows as Pandemic-Hit NBCUniversal Rebounds

Comcast said it added fewer broadband customers than in recent quarters, a slowdown that comes after a period of record growth during the height of the coronavirus lockdowns.

 
McDonald's Says its Costs to Rise Further in 2022

Rising costs aren't likely to wipe out recent gains in profitability but will require the chain to balance menu-price increases with offering value to customers, executives said.

 
China's Centurium Capital Gains Control of Luckin Coffee

A private-equity investment group has a more than 50% voting interest in the coffee chain, having recently acquired shares that were owned by Luckin's former chairman Charles Lu and former CEO Jenny Qian.

 
Blackstone Earnings Nearly Double as Firm Enjoys Record Cash Haul

The private-equity firm's real-estate business helped power a $1.40 billion profit.

 
Biogen Will Recruit Minority Participants for New Aduhelm Trial

Black and Latino people were underrepresented in the trials on which approval of the Alzheimer's drug was based.

 
Growth-Equity Leverage Risk Could Rise, Goldman's Waldron Warns

Goldman Sachs executive John Waldron cautions that negative economic trends could bring down valuations that underpin growth-equity investments.

(END) Dow Jones Newswires

January 27, 2022 11:15 ET (16:15 GMT)

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