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 since 2019.

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 American Express.

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 17:15 ET (22:15 GMT)

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