News Highlights: Top Company News of the Day
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
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
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
(END) Dow Jones Newswires
January 27, 2021 19:15 ET (00:15 GMT)
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