AT&T Logs Wireless Gains as It Preps WarnerMedia Split 

AT&T Inc. swung to a fourth-quarter profit as it improved its wireless revenue and shed the burden of its customer-losing pay-TV business in 2021.

Tesla Poised for Record Annual Profit 

Wall Street expects the electric-vehicle maker to report roughly $5.3 billion in profit on around $53 billion of sales last year, according to analysts.

Intel Wins Appeal of $1.2 Billion EU Antitrust Fine 

The court's decision is a blow to the European Commission, the bloc's main antitrust regulator, which is seeking to expand its reach through new regulations and a reinterpretation of its existing powers.

IBM Cloud Makeover Shows Results 

IBM's yearslong makeover into a hybrid cloud and artificial intelligence company is resonating with customers whose information-technology strategies have been reshaped by Covid-19, industry analysts said.

Warehouse Giant Prologis to Offer More Peripheral Services, CFO Says 

At present, the company derives 84% of its revenue from rental income. It plans to bolster revenue by offering extras, like solar power, forklifts, logistic tech and more at some of its locations.

TD Bank Targets 2,000 Tech Hires in 2022 

Canadian bank company expects to increase the pace of its tech hiring as it seeks experts in cloud technology, cybersecurity and AI

Vestas Earnings Miss Forecasts;  Industry Faces Multiple Challenges 

Vestas Wind Systems posted preliminary full-year underlying earnings of EUR461 million, equating to a margin of 3%, as it cautioned the wind power industry continued to be challenged by supply-chain instability, cost inflation and delays to projects.

Lonza Earnings Rise; Confirms Mid-Term Targets 

Lonza full-year core earnings rose to EUR1.7 billion on a strong sales gain, as the life-sciences company forecast low- to mid-teens sales growth in 2022 and confirmed its profit target for 2024.

Metro Unveils Targets Through 2030 

Metro said earnings are expected to grow at an annual rate of 3-5% through 2025, rising to over EUR2 billion at the end of the decade, with growth mainly driven by sales at its food service distribution business.

Baidu EV Startup Raises $400 Million in Latest Fundraising Round 

Baidu Inc.'s smart electric-vehicle arm JIDU has raised nearly $400 million in a fresh funding round, which will be used to accelerate its progress toward mass production of its autonomous-driving cars.


(END) Dow Jones Newswires

January 26, 2022 07:00 ET (12:00 GMT)

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