News Highlights: Top Company News of the Day
Companies Face Patchwork of Covid-19 Rules After Supreme Court Ruling
Companies will have to fend for themselves-and grapple with
varied state and local requirements-following the high court's
decision to overturn the Biden administration's mandate for large
Swedbank Names New Chief Compliance Officer
The Swedish lender has hired Britta Hjorth-Larsen, who currently
serves as head of nonfinancial risk at Bank of Ireland.
Airbus Cancels Qatar Airways Plane Contract, a Rare Move Amid Growing Spat
The cancellation of the $6 billion jet contract is the latest
move in the fight between the world's largest plane maker and the
world's largest long-haul airline.
Google Seeks Dismissal of Ad Practices Suit
The search giant said that the states' complaint focused on
outdated conduct that didn't preclude competition and that the
practices were largely abandoned as the company's ad tech business
Netflix Plunge Deepens Nasdaq's Correction
The streaming giant's shares are down more than 20% in Friday
morning trading as a selloff in government bonds and lackluster
earnings have eroded demand for the once-highflying tech trade.
Intel to Invest $20 Billion in U.S. Chip-Making Facility
Intel plans to invest at least $20 billion in new chip-making
capacity in Ohio, bolstering its semiconductor-production ambitions
as greater demand for digital products and a global chip shortage
have amplified the need for more manufacturing.
Schlumberger Earnings Were Strong. The Stock Is Still Falling.
Shares of the oil services company fall Friday, despite strong
results and guidance.
IBM Sells Watson Health Assets to Investment Firm
The tech giant said its deal with Francisco Partners wouldn't
weaken its commitments to other artificial-intelligence technology
and healthcare clients that use its IT services.
Microsoft's Activision Blizzard Deal Poses Sustainability Challenge
The software giant would have to address workplace problems at
the videogame maker and there is a big gap between the two
companies' ESG disclosures and policies.
More Starbucks Baristas Seek to Unionize
Online meeting tools and social platforms are aiding labor
organizing efforts within the coffee chain, though the U.S. stores
weighing such moves represent a fraction of the coffee chain's
(END) Dow Jones Newswires
January 21, 2022 15:15 ET (20:15 GMT)
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