Mondelez Mulls More Price Hikes for Snacks as Inflation Eats Into Profits

As the global supply chain continues to struggle, shortages are causing suppliers to raise prices, says Chief Executive Dirk Van de Put.

 
Biogen to Sell Biosimilar-Venture Stake to Partner Samsung Biologics

The deal for its 50% ownership of the joint venture would bring the company at least $2.25 billion.

 
Citigroup to Sell Taiwan Consumer Banking Business to DBS

DBS Group Holdings will acquire Citigroup's consumer-banking business in Taiwan in a deal the Singapore lender said will make it Taiwan's largest foreign bank by assets.

 
Google Plans Up to $1 Bln Partnership With Bharti Airtel

Alphabet Inc.'s Google plans to invest up to $1 billion in a multiyear partnership with Bharti Airtel Ltd. to accelerate the growth of India's digital economy, the companies said.

 
SoftBank Chief Operating Officer to Leave the Company

SoftBank Group said Chief Operating Officer Marcelo Claure has agreed to leave the company.

 
Home Depot Names Ted Decker as CEO

Craig Menear, who was tabbed CEO in November 2014, will continue as the company's chairman. Mr. Decker has been the chief operating officer at the home-improvement retailer since October 2020.

 
Robinhood's Stock Drops 12% After Loss Is Worse Than Analysts Expected

Higher technology and administrative costs hurt the brokerage's fourth-quarter results.

 
Western Digital Taps Semiconductor Veteran as CFO

Wissam Jabre will take over as CFO as the hard-drive maker looks to expand its chip business

 
SK Hynix's Annual Revenue at Record High

SK Hynix's fourth-quarter net profit jumped 88% on brisk global demand for memory chips that also produced record annual revenue for the company.

 
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.

(END) Dow Jones Newswires

January 28, 2022 03:15 ET (08:15 GMT)

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