International Paper Strikes Deal to Divest Russian Pulp Business 
 

With the deal, the American forest-products company becomes the latest U.S. firm to exit from Russia since Moscow invaded Ukraine.

 
Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp 
 

Rupert Murdoch called off his effort to merge the two parts of his media empire, News Corp and Fox Corp., saying the transaction "is not optimal" for shareholders of the companies at this time.

 
Microsoft Earnings Fall Amid Economic Concerns 
 

The software giant's revenue growth slowed to a more than six-year low as demand for cloud services cooled.

 
Carvana Sales Broke State Law in Illinois, According to New Settlement 
 

The online car retailer agreed to surrender a $250,000 bond and to submit to special inspections.

 
Johnson & Johnson Profit Falls 25% 
 

The healthcare-products company reported declining sales in the fourth quarter as demand dropped for its Covid-19 vaccine.

 
Verizon Adds Subscribers as Guidance Falls Short of Forecasts 
 

The largest U.S. cellphone carrier in terms of subscribers posted higher revenue for the recently ended quarter.

 
Auto Insurers' Rising Rates Are No Accident 
 

Travelers has been pushing through premium increases to try to cover rising loss ratios.

 
DOJ Sues Google, Seeking to Break Up Online Ad Business 
 

The Justice Department's suit could have major implications for the digital ad industry.

 
Elon Musk Testifies in Tesla Tweets Trial That He Was Trying to Inform Investors 
 

The electric-car maker's chief executive said he tweeted about potentially taking Tesla private to share his thinking with shareholders.

 
Taylor Swift Ticketmaster Debacle Prompts Lawmaker Scrutiny of Live Nation 
 

A Senate Judiciary Committee hearing questioned whether Ticketmaster's 2010 merger with Live Nation has harmed consumers by stifling competition.

(END) Dow Jones Newswires

January 24, 2023 19:15 ET (00:15 GMT)