Construction Demand Lifts Caterpillar Profit as Order Backlog Grows

Ongoing supply-chain challenges lead machinery company to fall behind on more orders; quarterly sales rose 23%.

 
Elon Musk's Decision to Slow New Tesla Models Risks Holding Up Growth

The CEO said the company doesn't plan to introduce any new vehicle models in 2022.

 
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.

 
Fashion Brands Hope Covid Will Banish End-of-Season Sales

Bargain hunters may have noticed stingy discounts on clothing this year. Fashion chains would like the trend to stick, although this will be challenging as inflation bites.

 
Ukraine Tensions Hit Deal Talks Between Italian, Russian Lenders

Italy's UniCredit pulled out of talks to take over Russian lender Otkritie, one of the first instances where tensions over Ukraine have run into corporate deal making.

 
Apple Takes Smartphone Lead in China, Helping Drive Record Profit

Apple's latest record holiday quarter came in part because of excitement for the iPhone 13 in China, where homegrown Huawei has seen a decline in its market share following U.S. sanctions.

 
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.

 
Qualtrics Adds Up After Cloud Selloff

The software provider's rough ride since its IPO has turned it into a relative bargain.

 
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.

(END) Dow Jones Newswires

January 28, 2022 09:15 ET (14:15 GMT)

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