News Highlights: Top Company News of the Day
Airlines Cancel Some Flights Citing Launch of AT&T, Verizon 5G Signals
Some international flights were suspended even as the wireless
carriers agreed to limit signals within 2 miles of runways to
address air-safety concerns.
Peloton Bikes, Treadmills Set to Cost More
The exercise-equipment maker said it is adding hundreds of
dollars in setup and delivery charges to the list prices of some of
BJ's Wholesale Club to Move Credit Cards to Capital One, a Blow to ADS
The warehouse club sued Alliance Data Systems, saying the card
issuer isn't moving fast enough to transfer accounts.
Microsoft to Buy Activision Blizzard
After the all-cash deal valued at about $75 billion closes,
Activision CEO Bobby Kotick is expected to leave the videogame
heavyweight that has been roiled by claims of workplace
YouTube Shuts Division for Original Programming
The unit launched "Cobra Kai," but most shows never gained
traction with viewers.
Pfizer's New Covid-19 Pill Works Against Omicron in Lab
The drug's main component worked in three separate laboratory
studies, a potentially encouraging sign as the Omicron strain
New York Magazine Union, Management Reach Deal That Will Boost Wages for Staff
The New York Magazine Union says the deal's framework includes
salary increases for more than half of staffers and guaranteed
yearly increases in pay.
Apple Says Senate Tech Bill Would Hurt Its Privacy Push
The iPhone maker said a proposal in Congress would weaken a
privacy-protection tool it rolled out last year, adding that the
change could benefit "irresponsible" companies profiting from user
Crypto.com Halts Withdrawals After Suspicious Account Activity
CEO Kris Marszalek said no user funds were lost. The company
will offer a full report after it completes an investigation.
Gilead Alleges Counterfeiting Ring Sold Its HIV Drugs
The drugmaker said that a network of little-known drug suppliers
and distributors sold illicit and potentially dangerous fake
versions of its HIV medicines that ended up in pharmacies and in
the hands of patients.
(END) Dow Jones Newswires
January 18, 2022 17:15 ET (22:15 GMT)
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