BP's CEO Plays Down Renewables Push 
 

Chief Executive Bernard Looney has said he is disappointed in the returns from some renewable investments and plans to pursue a narrower green-energy strategy, according to people familiar with the discussions.

 
Meta Is Expected to Post Earnings Drop From Digital Ad Woes 
 

The Facebook and Instagram parent has been leaning more heavily on artificial intelligence to revive its fortunes.

 
Intel CEO Takes Pay Cut as Chip Maker Targets Cost Reductions 
 

Intel CEO Pat Gelsinger and other managers are taking pay cuts, days after the company's quarterly earnings disappointed Wall Street.

 
Salesforce, Disney, Others Attract an Activist 'Swarm' 
 

Instances in which companies attract more than one activist investor are expected to grow.

 
Bloomberg Looks to Make More Documentaries, Talk Shows 
 

The news publisher is launching climate, science and sports shows on its rebranded streaming platform.

 
China EV Makers Jump in Hong Kong, Extending Wall Street Rally 
 

Shares of Chinese electric car makers jumped in Hong Kong on Wednesday, extending soaring overnight gains on Wall Street, driven in part by expectations of recovering sales in the world's largest automobile market.

 
Snap Warns of Sales Drop After Revenue Growth Stalls 
 

Snapchat's parent company is struggling to revive growth amid upheaval in digital advertising market.

 
AMD's Profit Plunges Amid Weaker PC Sales 
 

The chip maker reported a 98% decline in net income for the fourth quarter as operating expenses more than doubled and sales linked to its PC clients were cut in half.

 
Mondelez Expects Fewer Price Increases This Year 
 

The maker of Oreo cookies and Sour Patch Kids candy said it doesn't plan to raise prices further in the U.S. if costs remain steady.

 
J&J Faces Longer Path to Resolving Talc Lawsuits 
 

The company's court loss over baby-powder litigation could force it to defend thousands of lawsuits case by case, just as it navigates the biggest restructuring in its 137-year history.

(END) Dow Jones Newswires

February 01, 2023 07:15 ET (12:15 GMT)