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.

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

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

 
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.

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

Comcast added fewer broadband customers in its latest quarter, a slowdown that comes after record growth during the height of the coronavirus lockdowns.

 
Blackstone Earnings Nearly Double

The private-equity firm's real-estate business helped power a $1.4 billion profit in the fourth quarter.

 
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.

 
AMD's Planned Purchase of Xilinx Clears 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.

 
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.

(END) Dow Jones Newswires

January 27, 2022 15:15 ET (20:15 GMT)

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