News Highlights: Top Company News of the Day
January 27 2022 - 5:30PM
Dow Jones News
Apple Posts Record Quarterly Results Despite Parts Shortages
Apple posted record quarterly results even as supply shortages
hindered sales, and Chief Executive Tim Cook said those constraints
are improving.
Visa stock gains as quarterly revenue tops $7 billion for the first time
Visa Inc. topped $7 billion in quarterly revenue for the first
time, buoyed by a quicker-than-expected resumption in travel
spending and sustained growth in categories like e-commerce that
had been strong throughout the pandemic.
Robinhood Stock Falls as 2022 Is Off to a Slow Start
The trading platform says it expects its first-quarter revenue
to fall 35% from a year ago.
Robinhood Meme-Stock Negligence Suit Is Rejected by Judge
The ruling comes ahead of the first anniversary of trading
restrictions on GameStop and AMC Entertainment shares.
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.
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.
(END) Dow Jones Newswires
January 27, 2022 17:15 ET (22:15 GMT)
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