News Highlights: Top Company News of the Day
Abbott's Rapid Covid-19 Tests Boost Quarterly Sales Growth
The company's rapid-test brands sold $2.1 billion of diagnostics
in the last quarter of 2021, but demand is expected to be lower
Boeing Reports Loss as 787 Charges Mount
Production problems and delivery delays will cost the plane
maker another $4.5 billion, Boeing said as it reported its third
annual loss in a row.
AT&T Logs Wireless Gains as It Preps WarnerMedia Split
The wireless-and-broadband internet provider 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.
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
Brooklyn Properties' Bankruptcy Sale Reopened After Muddled Auction
Confusions over bidding rules may have ended the auction
prematurely, a bankruptcy judge says
Mattel Wins Disney Princess Toy Deal, Joining Elsa of 'Frozen' With Barbie
The toy company has wrested back rights to film characters from
its rival Hasbro. Losing the contract was "a wake-up" call for
Mattel, an executive says.
Kimberly-Clark's Costs Are a Problem. The Stock Is Tumbling.
The company posted net profits of $357 million, below analysts'
expectation for $421.9 million, but raised its dividend for the
50th consecutive year.
Verizon's TracFone Customers Complain of Phone-Number Thefts
Verizon says it has addressed issues that appeared to affect
about 6,000 TracFone customers who have had their phone numbers
Walmart-Backed Fintech Startup Is Acquiring Two Firms and a New Name
The startup, to be called ONE, is helmed by former Goldman
executives and aims to build a "financial services super app."
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.
(END) Dow Jones Newswires
January 26, 2022 13:00 ET (18:00 GMT)
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