News Highlights: Top Company News of the Day
Exxon Planning Board, Other Changes Amid Activist Pressure
The oil giant is discussing adding one or more new directors to
the board and stepping up sustainability investments.
Fiat Chrysler Reaches DOJ Settlement Over Union Corruption
The auto maker's U.S. subsidiary has agreed to plead guilty to a
criminal charge and pay a $30 million fine for violating labor
Boeing Reports Record Annual Loss
The aerospace giant took a big financial hit on its new 777X
jetliner, reflecting the pandemic's worsening toll on the
JPMorgan to Launch U.K. Digital Consumer Bank
The new unit will offer services via a mobile app, a move the
bank said would be its first entry into the British retail-banking
Facebook's Ad Machine to Power Growth; Antitrust Issues in Focus
The social-media giant is expected to post record revenue for
the fourth quarter as holiday shopping and increased use during the
Covid-19 pandemic are seen driving a surge in digital-ad
Ant Plans Major Revamp in Response to Chinese Pressure
Jack Ma's Ant Group plans to turn itself into a financial
holding company overseen by China's central bank, responding to
pressure to fall fully in line with financial regulations.
AT&T Books $15.5 Billion Charge on DirecTV Unit
The write-down resulted in a fourth-quarter loss and comes as
the media and telecom giant has been exploring a potential sale of
part of its legacy pay-TV business.
Apple's iPhone 12 May Have Delivered a Record $100 Billion Quarter
The company is expected to have finished 2020 with its most
profitable quarter ever, fueled by an uptake in higher-end iPhone
sales and a pandemic-induced surge in demand for its laptops and
The Best and Worst U.S. Airlines of 2020
The pandemic made flying tougher on all carriers, but the ones
that handled the challenges best tended to be the ones that had
outperformed rivals in previous years.
Blackstone Earnings Rise With Market
The firm reported higher earnings for the fourth quarter as the
value of its private-equity portfolio climbed 10.6%, compared with
the S&P 500's 11.7% gain.
(END) Dow Jones Newswires
January 27, 2021 13:00 ET (18:00 GMT)
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