GE Earnings Beat Expectations. Why the Stock Is Dropping. 

The industrial giant's sales and profit guidance, however, fell short.

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 care.

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 vaccine necessary.

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 entertainment industries.

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 can advance.

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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