News Highlights: Top Company News of the Day
Allstate to Sell Life Insurance Unit to Blackstone for $2.8 Billion
Purchase is the latest in a slew of deals between financial
firms and life insurance businesses.
Goldman CEO David Solomon Takes $10 Million Pay Cut for 1MDB Scandal
His 2020 pay was slashed by 36%, punishment for the bank's
admission last year that it broke U.S. laws in its dealings with an
Sheldon Adelson's Casino Empire Installs New Leadership
Rob Goldstein, a deputy to the gambling magnate, was appointed
chief executive. Patrick Dumont, Mr. Adelson's son-in-law, was
Walgreens Poaches Starbucks Executive Rosalind Brewer for CEO
The Starbucks operating chief will be the only Black woman
leading a Fortune 500 company.
Microsoft Sales Surge to Record, With Help From Cloud and Videogames
The software giant's profit and sales jumped, propelled by
pandemic-fueled demand for videogaming and accelerated adoption of
its cloud-computing services.
Starbucks Sales Slide But Show Signs of Recovery in China
Starbucks also said Chief Operating Officer Roz Brewer will
leave to lead another publicly traded company.
Trucker TFI International Aims to Boost Margins at UPS Freight
TFI International plans to spend $50 million to $75 million to
upgrade the UPS Freight fleet and renegotiate prices for the
carrier's shipping customers.
GE Reports Surge in Year-End Cash Flow
The boost in cash came from orders in its power and renewables
divisions, along with improved financial efficiency.
Volkswagen Asks Supreme Court to Block Local Emissions Regulations
The German auto giant is trying to overturn a lower-court ruling
that could open the car industry to oversight from
LVMH Gets Boost From Vuitton, Dior
Surging revenue at the big fashion brands bolstered the
luxury-goods company's results, offsetting other businesses such as
(END) Dow Jones Newswires
January 26, 2021 23:15 ET (04:15 GMT)
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