Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb

The oil giant had a dramatic turnaround in 2021, as fossil fuel demand recovered from pandemic-induced lows.

 
Citigroup Fined for Misconduct in Asian Stock Trading

Hong Kong's Securities and Futures Commission says its investigation found "pervasive dishonest behavior" among the bank's equities traders.

 
Google to Invest Up to $1 Billion in Deal With India's Bharti Airtel

The investment is part of Google's efforts to build its presence in one of the world's last great untapped digital markets.

 
Citigroup to Sell Taiwan Consumer-Banking Business to DBS

The deal is the latest in a series of divestitures as Citigroup shrinks its international retail footprint to focus more on serving businesses and affluent clients.

 
SoftBank Operating Chief to Leave as Stock Hits a Rough Patch

SoftBank said Chief Operating Officer Marcelo Claure, who helped clean up problems at the firm's investments including WeWork and Sprint, is leaving the company.

 
UniCredit Net Loss Widens, Underlying Earnings Impress

UniCredit reported a bigger net loss in the fourth quarter, mainly due to integration costs and higher investment losses, but its underlying earnings beat expectations as did revenue.

 
H&M to Focus on Growth as Sales Make Full Recovery

H&M said it will focus on growth again, after reporting a better-than-forecast fourth-quarter net profit as sales returned to pre-pandemic levels.

 
Volvo Beats Forecasts, Cautions on Supply Headwinds

Volvo posted forecast-beating fourth-quarter earnings on strong demand but cautioned that production stoppages due to component shortages and supply-chain disruptions will continue.

 
Robinhood's Stock Is in Show-Me Mode

Over the course of a wild year, Robinhood's business stabilized by some key measures, but that might not translate into its stock price.

 
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.

(END) Dow Jones Newswires

January 28, 2022 07:15 ET (12:15 GMT)

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