Peloton Narrows Losses as Sales Fall Less Than Forecast 
 

The maker of connected fitness equipment reported a 30% drop in quarterly sales, though it reduced the amount of cash being burned by its operations.

 
BP's CEO Plays Down Renewables Push as Returns Lag 
 

Chief Executive Bernard Looney has said he is disappointed in the returns from some renewable investments and plans to pursue a narrower green-energy strategy.

 
T-Mobile Earnings Surge on  Customer Additions 
 

T-Mobile US's profit more than tripled in the latest quarter as it recorded lower costs tied to its merger with Sprint.

 
Altria Unveils $1 Billion Stock Buyback as Earnings Top Estimates 
 

The cigarettes company reported adjusted earnings per share of $1.18 on revenue of $6.1 billion in the final three months of the year.

 
Adani Stock Slump Deepens After Share Offering 
 

Wednesday's selloff took the Indian conglomerate's market value losses to $85 billion since the release of a short seller's report.

 
J.P. Morgan Asset Management Adds $500 Million of Southern Timberland 
 

The deal is Wall Street's latest wager that forests will be valued for more than just wood products.

 
Meta Is Expected to Post Earnings Drop From Digital Ad Woes 
 

The Facebook and Instagram parent has been leaning more heavily on artificial intelligence to revive its fortunes.

 
Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions 
 

Intel CEO Pat Gelsinger and other managers are taking pay cuts, days after the company's quarterly earnings disappointed Wall Street.

 
Ariel Investments Raises $1.45 Billion for Debut Private-Equity Fund 
 

The Chicago asset manager plans to acquire or establish minority-led suppliers for major U.S. corporations.

 
Salesforce, Disney, Others Draw an Activist 'Swarm' 
 

Shareholder activists, newly emboldened by beaten-down share prices, are increasingly crowding into the same big names.

(END) Dow Jones Newswires

February 01, 2023 09:15 ET (14:15 GMT)

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