Salesforce Names Three Directors, Braces for Proxy Fight

The appointments follow activist investor Elliott Management's investment in the business-software provider.

 
Intel's Leap of Faith Turns Into a Lurch

The chipmaker's expensive turnaround plan has run headlong into a historic sales slump.

 
Chevron Rides High Oil Prices to Record $35.5 Billion Annual Profit

The oil company's profit milestone is about one-third higher than its prior peak.

 
American Express Earnings Missed. The Stock Is Rising on a Dividend Boost.

Amex is lifting its quarterly dividend by 15% to 60 cents a share, overshadowing fourth-quarter earnings that came in lighter than expected.

 
FTX Foreign Customers Hit Language Barriers as They Fight for Their Crypto

The voluminous paperwork created by FTX's bankruptcy is available only in English, creating a hurdle for some foreign customers in an already esoteric system.

 
SeaWorld Shuffles Executives, Names Interim Financial Chief

SeaWorld is shuffling its executives, moving Chief Financial Officer Chelle Adams, who took that job less than a year ago, to the newly created role of chief transformation officer.

 
Goodyear to Cut 500 Jobs, Warns of Earnings Shortfall

The tire maker is shedding roughly 5% of its salaried staff around the world, joining a raft of companies trimming their head counts.

 
Selloff in Adani Stocks Wipes Out $47 Billion in Market Value

Five of the seven listed Adani Group companies ended 16% to 20% lower, hit by a short seller's allegations of fraud involving the Indian conglomerate.

 
H&M Profit Battered by Rising Costs, Russia Exit

The fast-fashion giant reported a 68% decline in annual profit after economic and geopolitical challenges hampered its efforts to rebound from the Covid-19 pandemic.

 
CVS, Walmart to Cut Pharmacy Hours

Operating schedules remain a "pain point" for pharmacists as drugstore chains seek to improve the work environment.

(END) Dow Jones Newswires

January 27, 2023 11:15 ET (16:15 GMT)

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