Apple's iPhone 12 Helped Deliver a Record $111.4 Billion Quarter 

Apple finished 2020 with its most profitable quarter ever, fueled by an uptick in higher-end iPhone sales and a pandemic-induced surge in demand for its laptops and tablets.

Tesla Posts First Full-Year Profit 

Elon Musk's electric-vehicle maker notched record deliveries last year and expects to ramp up production significantly this year.

Facebook's Ad Business Drives Record Revenue 

The social-media giant posted revenue of $28.07 billion, up from $21.08 billion in the final quarter of 2019, and its profit rose 52%.

American Financial to Sell Annuity Business to MassMutual for $3.5 Billion 

American Financial said the transaction will mark its exit from the fixed and indexed annuity market.

Microsoft's Security Business Swells to $10 Billion 

Microsoft's security business surged to $10 billion in revenue over the past 12 months, reflecting an uptick in cyber threats during the coronavirus pandemic.

New York Times Taps Editor to Oversee Audio Unit After 'Caliphate' Controversy 

The New York Times said it assigned a top editor to develop procedures for vetting podcasts and other output from its fast-growing audio unit, which has drawn criticism recently over its "Caliphate" series.

EU Clashes With AstraZeneca Over Covid-19 Vaccine Shortfall 

The European Union demanded that AstraZeneca stick to a previously agreed schedule for delivering doses of its Covid-19 vaccine to the 27-nation bloc and, if necessary, supply the vaccine from factories in the U.K.

Exxon Plans Board Changes Amid Activist Pressure 

The oil giant is discussing adding one or more new directors to the board and stepping up sustainability investments.

WHO Recommends Against Moderna, Pfizer Vaccines for Most Pregnant Women 

The World Health Organization gave new guidance about Moderna's Covid-19 vaccine this week, recommending generally against its use for most pregnant people, echoing similar guidance for the Pfizer and BioNTech shot.

Fiat Chrysler Reaches DOJ Settlement Over Labor Law Violation 

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 laws.


(END) Dow Jones Newswires

January 27, 2021 19:15 ET (00:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.