News Highlights: Top Company News of the Day
Johnson & Johnson's Profit Is Boosted by Pharmaceuticals Business
The coronavirus pandemic continued to drag down sales of medical
devices as people postponed elective procedures, but modest growth
in consumer-health products also contributed to the sales boost in
the latest quarter.
Verizon Predicts Wireless Growth Despite Pandemic
Carrier's profit and sales slipped in the fourth quarter as
higher costs burdened its bottom line, though the company issued a
more upbeat view of its prospects in 2021.
3M Expects Sales Growth as Customers Return to Offices, Schools
The St. Paul, Minn.-based manufacturer said it has delivered 2
billion N95 masks around the world and is making more than 95
million a month in the U.S.
GE Reports Surge in Year-End Cash Flow
The surge of cash came from orders in its power and renewables
divisions, along with improved financial efficiency.
Twitter is Buying Newsletter Provider Revue
The move reflects interest among social-media companies in
providing content creators with tools to make money.
Amazon Set to Hire 3,000 Corporate Employees in Boston
Amazon.com is planning to add 3,000 employees in its corporate
ranks in the Boston area, one of a number of expansions of
technology jobs in major American cities for the company.
UBS Plans $4.5 Billion Share Buyback as Profit Surges
The Swiss bank powered through the coronavirus pandemic with
some of the best financial results in global banking.
NRG Energy CFO Focusing on Cutting Costs, Pricing After Direct Energy Deal
NRG Energy Inc. Chief Financial Officer Kirkland Andrews is
focusing his attention on reviewing the energy company's costs and
pricing strategy after it wrapped up a $3.6 billion deal to acquire
Direct Energy earlier this month.
Trilantic, Generate Capital and Others Invest $600 Million in Intersect Power
The San Francisco-based company will use the capital to build
seven solar projects and to expand into green hydrogen.
Garrett Motion Shareholders, Backed by General Atlantic Venture, Launch Rival Restructuring Plan
An investment venture between private-equity firm General
Atlantic and credit veteran Tripp Smith is teaming up with minority
shareholders of Garrett Motion Inc. to propose an alternate
restructuring of the bankrupt auto supplier, challenging its
planned deal with its majority owners.
(END) Dow Jones Newswires
January 26, 2021 09:15 ET (14:15 GMT)
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