IBM Sales Surge as Turnaround Takes Hold 

The tech giant reported strong fourth-quarter results, including its best quarterly sales growth in more than a decade.

GameStop, Meme Stocks Hit by Market Turmoil 

AMC Entertainment, GameStop and other stocks popular with individual investors sold off Monday.

Meta Unveils New AI Supercomputer 

When the AI Research SuperCluster is fully built it will be the fastest AI supercomputer in the world, the Facebook parent says.

Peloton Stock Rises Almost 10% After Activist Letter, 'Billions' Appearance 

Peloton Interactive shares rose after The Wall Street Journal reported Blackwells Capital wants the company to fire its chief executive and explore a sale.

Google Deceived Users About Location Tracking, States Allege 

The company tracks people's movements using information from its search engine, Maps app, Wi-Fi and Bluetooth services even after users turn off location tracking, a lawsuit filed by Washington, D.C., alleges. Google disputed the allegations.

Kohl's Shares Surge 30% on Takeover Bids for Retailer 

Starboard and Sycamore have made separate approaches for the department-store chain, according to people familiar with the matter.

Palin's Case Against New York Times Delayed by Positive Covid-19 Test 

Jury selection was scheduled to begin Monday in Manhattan federal court. U.S. District Judge Jed Rakoff said he was postponing the trial until Feb 3.

Tesla Countersues JPMorgan in Fight Over Warrants 

The electric-car maker alleges the bank's dislike of Elon Musk is behind its $162 million lawsuit in November.

Ford Shuts Off Orders for New $20,000 Maverick Pickup 

With more-affordable vehicles in short supply, the auto maker said demand for the new pickup truck has surged and it is straining to fill a backlog of orders.

Evergrande Asks Overseas Creditors for More Time 

The Chinese property developer pleaded for time to get a grip on its complicated financial situation and warned that drastic legal action could be destabilizing.


(END) Dow Jones Newswires

January 24, 2022 17:15 ET (22:15 GMT)

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