News Highlights: Top Company News of the Day
GE Earnings Beat Expectations. Why the Stock Is Dropping.
The industrial giant's sales and profit guidance, however, fell
Unilever Looks to Jumpstart Growth With Sweeping Overhaul
The Ben & Jerry's owner said it would now run as five,
category-focused divisions-beauty and well-being, personal care,
home care, nutrition, and ice cream-rather than its three previous
units of food and refreshments, beauty and personal care and home
Credit Suisse Warns Profit Will Be Hit by Litigation Costs
The bank said its profits for the fourth quarter of last year
would be hit by setting aside provisions for legal costs, mostly
related to legacy matters in its investment bank.
Pfizer Begins Study Testing Omicron Vaccine in People
The company and partner BioNTech say the trial will examine
safety and immune response, in case regulators deem an adapted
MicroStrategy to Continue Buying Bitcoin Despite Market Tumble, CFO Says
The SEC recently told the software company to revise its
disclosure on the crypto asset.
TSMC Overtakes Chinese Tech Giants to Become Asia's Most Valuable Stock
The global chip shortage has helped lift the valuation of Taiwan
Semiconductor Manufacturing to $600 billion.
Hollywood Visual-Effects Studio DNEG Reaches $1.6 Billion SPAC Merger to Go Public
Known for its Oscar-winning visuals work on movies such as
"Inception" and "Tenet," DNEG is merging with Sports Ventures
Acquisition Corp., a blank-check firm focused on the media and
Rio Tinto Reaches Deals to Break Mongolia Copper Logjam
In a sign of resource nationalism's impact on the mining sector,
Rio Tinto renegotiated agreements with the Mongolian government so
that a delayed and costly expansion of the Oyu Tolgoi copper mine
Credit Suisse Investment Bank Set for Loss after Legal Hit
UPDATED: Credit Suisse is set to post a loss for its investment
bank for the final three months of 2021, as a slow down in trading
revenues and a CHF500 million hit from legal costs prove to be
another blow to the Swiss bank after a series of crises.
Ericsson 5G Rollout Delivers Profit Beat
Ericsson posted a fourth-quarter net profit of SEK10 billion, as
strong sales of 5G equipment in North America, Europe and Latin
America helped offset a hefty sales decline in mainland China.
(END) Dow Jones Newswires
January 25, 2022 07:15 ET (12:15 GMT)
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