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 Champagne.

 
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 municipalities.

 
HSBC CEO Defends Stance on Hong Kong 
 

U.K. lawmakers accused HSBC CEO Noel Quinn of appeasing China and ignoring the erosion of democracy and rule of law in Hong Kong, where the bank was founded more than 150 years ago.

 
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 investment fund.

 
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 named president.

 
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.

 
All-You-Can-Eat Pizza Chain Cici's Files for Bankruptcy 
 

CiCi's Holdings, the company behind the unlimited pizza buffet restaurant chain, has filed for bankruptcy proposing to sell itself to a lender after in-person dining restrictions and growth in food delivery hurt sales.

(END) Dow Jones Newswires

January 27, 2021 03:15 ET (08:15 GMT)