News Highlights: Top Company News of the Day
Canadian National Railway to Name New CEO to Avert Proxy Fight
The railroad operator will also add two directors and U.K.-based
activist investor TCI Fund Management Ltd. will agree to drop its
proxy contest, according to people familiar with the matter.
Microsoft Earnings, Revenue Show Strong Growth
The software giant's cloud business has benefited as the
pandemic has forced people to work remotely.
3M's N95 Mask Sales Climb, Lifting Revenue as Omicron Drives Demand
The manufacturer says new government guidance raised awareness
of the product to help fight the Covid-19 variant's spread.
Warren Buffett's Berkshire Hathaway Will Host Annual Meeting in Person
The conglomerate's annual shareholder meeting, which
pre-pandemic would regularly bring tens of thousands of people
together in Omaha, Neb., will be held in person for the first time
FTC Sues to Block Lockheed Martin Acquisition of Aerojet Rocketdyne
The Federal Trade Commission says the proposed $4.4 billion
purchase would allow the defense giant to control access to parts
needed to build missile engines.
GE's Sales Decline 3%, Hit by Supply-Chain Woes
The conglomerate projected a return to sales growth this year as
its aviation business begins to recover.
AmEx Has Runway as Travel Recovers
After benefitting from more online at-home spending, a big
resumption of travel-and-entertainment would be an upside for
Elon Musk Urges McDonald's to Accept Dogecoin for Payment
The Tesla CEO tweeted that he would eat a Happy Meal on TV if
the fast-food giant began accepting the cryptocurrency.
GM Plans Multibillion-Dollar EV Push With Michigan Plants
The Detroit auto maker doubles down on electric-truck production
and plans an battery-cell factory with LG Energy Solution, creating
4,000 new jobs in the Great Lakes state.
Casino Operator Bally's Shares Jump on Standard General Buyout Offer
The stock soars more than 20% after Standard General offers to
buy the shares it doesn't already own in a deal that values the
company at $2.07 billion.
(END) Dow Jones Newswires
January 25, 2022 17:00 ET (22:00 GMT)
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