News Highlights: Top Company News of the Day
Morgan Stanley Profit Shoots Higher, Fueled by Wall Street
The bank's fourth-quarter profit rose 51% from a year earlier,
another big U.S. lender to emerge from a turbulent year in better
shape than was expected at the onset of the pandemic.
Procter & Gamble Gets Shoppers to Pay Up
The company's sales surged in the most recent quarter, fueled in
part by demand for high-end household products from pricey dish
soap to a $300 electric toothbrush.
UnitedHealth's Profit Slips as Health-Care Visits Return
Fourth-quarter revenue climbed to $65.47 billion, up from $60.9
billion in the same quarter a year earlier. Costs also rose.
Wimkin Removed From Google Play
The takedown follows the suspension of the small social-media
network from Apple's App Store last week, also for posts deemed to
Netflix Tops 200 Million Subscribers for the First Time
The streaming giant said it added 8.5 million subscribers in the
fourth quarter, ending last year with an additional 37 million
Moderna CEO Expects 100 Million Vaccine Doses by End of March
The drugmaker is on track to help meet President-elect Joe
Biden's goal for his first 100 days in office, Chief Executive
Stéphane Bancel said.
Sixth Street Partners to Acquire Life Insurance Business Talcott Resolution for $2 Billion
The agreement is the latest ownership change in a decade of
frenzied industrywide life-insurance deal activity.
BHP Flags Up to $1.25 Billion Impairment Charge
BHP Group said it produced more iron ore but less coal, copper
and petroleum in the first half of its fiscal year, as it flagged
an impairment charge of between $1.15 billion and $1.25 billion
against an Australian coal unit.
New Stellantis CEO Plans More Distinctive Vehicle Brands
Carlos Tavares outlined his vision for the newly combined auto
maker, saying he would preserve factories, draw more distinctions
between brands and reassess troubled operations in China.
Jack Ma, Alibaba's Co-Founder, Resurfaces After Months of Lying Low
Jack Ma, the billionaire founder of China's Alibaba and
controlling shareholder of financial affiliate Ant Group, made a
public appearance, his first since regulators began clamping down
on his business empire.
(END) Dow Jones Newswires
January 20, 2021 11:00 ET (16:00 GMT)
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