News Highlights: Top Company News of the Day
January 27 2022 - 1:30PM
Dow Jones News
LVMH 2021 Earnings Surged as Top Line Keeps Gaining Pace
LVMH Moet Hennessy Louis Vuitton said revenue growth continued
to accelerate at the end of 2021, leading to a much higher
profit.
Jeep Owner's Chinese Partner Says It Was Caught Unaware by Deal Announcement
Stellantis came under fire from a key Chinese manufacturer for
announcing a deal to acquire majority ownership of a joint venture
the firms operate together, a sign of the trade tensions between
China and the West.
Deutsche Bank Is Betting on a Big Year
The recovering German lender will need to deliver a step up in
performance to meet the targets it has set for the conclusion of
its turnaround plan.
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.
(END) Dow Jones Newswires
January 27, 2022 13:15 ET (18:15 GMT)
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