News Highlights: Top Company News of the Day
January 31 2023 - 07:15AM
Dow Jones News
Exxon Vaults to Record Annual Profit of $55.7 Billion
Only Apple and Microsoft so far have surpassed Exxon's fiscal
2022 profit as the oil giant capitalized on high commodity
GM's Profit Soars as Supply-Chain Problems Ease
The auto maker said strong results in North America helped
offset weakness in China to lift its net profit during the
October-to-December period to $2 billion.
UPS Earnings Show Drop in Holiday Sales on Fewer Shipments
The delivery company also projected that its top line will fall
for the current year amid a slowdown in global trade.
Spotify Adds Users, Reports Loss After Big Investments in Podcasts
Spotify reported strong user growth but another quarterly loss
after the company invested extensively to build its podcast
Meta Turnaround Could Trap Bears
The Facebook parent's investments in artificial intelligence
could lead to an upside heading into this week's earnings
Adani Draws Enough Investor Bids for $2.5 Billion Stock Sale
The flagship company of India's Adani Group collected enough
investor bids to pull off a large stock sale, advancing its
fundraising plans in the face of fraud allegations from a U.S.
Humira Faces Competition From First U.S. Copycat
The arthritis therapy is coming up against its first so-called
biosimilar, after more than $135 billion in sales and fights over
how long its patents last.
Airbnb and Expedia Turn Customer Cash Into Profit, Aided by Rising Interest Rates
The travel sites raked in millions in additional income from
holding guests' payments in money-market funds, Treasury notes and
UBS Attracts Wealthy Clients to Help Lift Profit
Switzerland's largest bank by assets attracted new customer
money in the quarter, while a rival was weakened.
Biden Administration Considers Cutting Off Huawei From U.S. Suppliers
The U.S. blacklisted the Chinese telecommunications company in
2019 but has granted exceptions for components not deemed a
(END) Dow Jones Newswires
January 31, 2023 07:00 ET (12:00 GMT)
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