News Highlights: Top Company News of the Day
Chicago Sun-Times to Be Acquired by Public Media Radio Station WBEZ
Chicago Public Media, owner of public radio station WBEZ, is set
to buy the Chicago Sun-Times, creating one of the nation's largest
nonprofit local-news organizations.
ZoomInfo Adds Former U.K. Data-Protection Regulator as Compliance Chief
The business-intelligence platform provider said Simon McDougall
would advise the company on privacy best practices.
Disney Shakes Up Streaming Management, Forms International Hub
The changes come amid slowing growth in sign-ups for company's
marquee streaming service, Disney+.
Instagram Creators Can Charge for Subscriptions Under New Test Service
Meta Platforms' Instagram is launching trials of a subscription
service that enables creators to charge users for exclusive
content, as social-media companies battle to attract individuals
who can drive traffic to their platforms.
McKinsey Foe's Chapter 11 Conflict-of-Interest Lawsuit Revived by Appeals Court
A federal appeals court revived a McKinsey & Co. critic's
lawsuit alleging the consulting giant concealed conflicts of
interest to obtain lucrative appointments advising bankrupt
companies at the expense of rival firms.
Morgan Stanley Profit Rises 9%
The bank joined its peers in posting gains in investment banking
but a decline in trading revenue.
Bank of America's Quarterly Profit Rises 28%
Higher interest income and record investment banking revenue
pushed the lender to higher earnings, bucking the trend at some
other large U.S. banks.
Flight Disruptions Ease as 5G Goes Live
Stable weather and changes following wireless carriers'
temporary concession to address air-safety concerns helped blunt
cancellations on the first day of the new services' rollout.
GM Plans to Expand Use of Fuel Cells
General Motors Co. said its plans to broaden electrification,
expanding use of fuel cells.
Starbucks Drops Covid-19 Vaccination, Testing Requirements
The coffee chain was set to implement the requirement for its
U.S. workers next month, but is rescinding it in light of the
Supreme Court recent ruling against a federal mandate for
(END) Dow Jones Newswires
January 19, 2022 17:00 ET (22:00 GMT)
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