Google Escalates Dispute With Australia by Threatening Search Shutdown 

Google said it would have no real choice but to shut down its search engine in Australia if a proposed law requiring tech giants to pay publishers for news isn't changed.

IBM Pledges to Return to Growth in 2021 

International Business Machines expects to return to revenue growth this year after reporting a 4.6% decline in 2020 as corporate customers' focused on preserving cash during the coronavirus pandemic.

Instacart Cutting 1,900 In-Store Jobs 

Those expected to lose their jobs complete consumers' orders at stores and hand them over to others for delivery. The company is focusing on having workers both fulfill and deliver orders.

Federal Judge Denies Parler's Bid to Force Amazon to Resume Service 

The judge ruled that Parler's claims didn't meet the threshold for a preliminary injunction, though the court wasn't yet dismissing the company's claims against Amazon.

Facebook Refers Trump Suspension to Oversight Board 

The social-media company said a decision from its independent panel on the matter-the biggest issue it has tackled since being set up last year-would be binding.

Intel to Outsource More Production 

The chip maker, which is reviewing its production strategy, reported a slight drop in earnings for 2020, but sales hit a record high of $77.9 billion.

Hedge Funds' Bets on Fannie and Freddie Cause Pain 

Continued uncertainty over the future of Fannie Mae and Freddie Mac has inflicted pain on hedge funds, which have been wagering for years that the mortgage-finance giants would be put on a path to returning to private hands.

Corteva Faces Renewed Activist Pressure 

The crop seed and pesticide maker is confronting pressure from Starboard Value, less than two years after the agriculture company launched.

Maersk Ship Loses 750 Containers Overboard in Pacific Ocean 

Rough seas during a trip from China to Los Angeles caused the loss, the latest in a series of weather-related accidents at sea affecting millions of dollars in cargo.

Fidelity Personal-Investing President Kathleen Murphy to Retire in 2021 

For more than a dozen years, she led a business that now oversees $3.6 trillion in assets.


(END) Dow Jones Newswires

January 22, 2021 03:15 ET (08:15 GMT)

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