News Highlights: Top Company News of the Day
27 January 2022 - 12:30PM
Dow Jones News
Blackstone Earnings Nearly Double as Firm Enjoys Record Cash Haul
The private-equity firm's real-estate business helped power a
$1.40 billion profit.
Samsung's Top Chipmaking Perch Is Precarious
Samsung is reaping the benefits of its strong technology and
ravenous chip demand. But it can't afford to rest on its laurels if
it wants to remain top dog.
Apple Poised to Post Record Quarter
Apple is expected on Thursday to post another record
quarter-even as analysts see sales falling to the slowest rate of
growth in more than a year.
Deutsche Bank Beats Profit Expectations, Restores Dividend
Deutsche Bank posted a rise in fourth-quarter profit. In a
further sign the bank has stabilized, it is paying a dividend to
shareholders for the first time since 2019.
Facebook's Cryptocurrency Venture to Wind Down, Sell Assets
The Diem Association, formerly known as Libra, is selling its
technology to crypto-focused bank Silvergate Capital for $200
million.
Tesla Supplier LG Energy Hits $99 Billion Valuation on Trading Debut
Shares in LG Energy Solution jumped 68% on their first day of
trading, after the world's No. 2 maker of electric-vehicle
batteries raised about $10.6 billion in South Korea's largest-ever
initial public offering.
William Ackman Takes Stake in Netflix
The billionaire says his hedge fund has purchased more than 3.1
million shares of the streaming service, whose stock has slumped
this year.
Omicron Pushes Some Companies Back to Virtual Shareholder Meetings
Hormel, Tyson and Becton Dickinson are among the companies
opting for a remote event.
Tesla Is a Proven Automaker, an Unproven Tech Giant
Elon Musk's company has shown it can generate cash selling
electric vehicles, but its valuation depends on much more.
Amazon Faces Unionization Battle in Staten Island
The National Labor Relations Board says the nascent Amazon Labor
Union has enough support from workers to hold an election for a New
York warehouse.
(END) Dow Jones Newswires
January 27, 2022 07:15 ET (12:15 GMT)
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