News Highlights: Top Company News of the Day
21 January 2022 - 4:15PM
Dow Jones News
Intel to Invest $20 Billion in U.S. Chip-Making Facility
Intel plans to invest at least $20 billion in new chip-making
capacity in Ohio, bolstering its semiconductor-production ambitions
as greater demand for digital products and a global chip shortage
have amplified the need for more manufacturing.
IBM Sells Watson Health Assets to Investment Firm
The tech giant said its deal with Francisco Partners wouldn't
weaken its commitments to other artificial-intelligence technology
and healthcare clients that use its IT services.
Airbus Cancels Qatar Airways Plane Contract, a Rare Move Amid Growing Spat
The cancellation of the $6 billion jet contract is the latest
move in the fight between the world's largest plane maker and the
world's largest long-haul airline.
Starbucks Union Campaign Spreads Online Beyond Buffalo
The number of stores considering unionizing remains a small
fraction of the coffee chain's overall total.
Schlumberger Earnings Were Strong. The Stock Is Still Falling.
Shares of the oil services company fall Friday, despite strong
results and guidance.
GlaxoSmithKline Racing to Provide Only Effective Covid-19 Antibody Treatment
GlaxoSmithKline and Vir Biotechnology are increasing output at a
second plant to help meet demand for sotrovimab.
Blackstone, Starwood Team Up to Buy Longer-Stay Hotels for $1.5 Billion
The two real-estate investors are buying 111 properties under
the WoodSpring Suites brand, marking their second joint bet on the
extended-stay sector in less than a year.
ByteDance's Revenue Growth Slowed Last Year Amid China Clampdowns
Facing challenges at home, the Chinese social-media giant is
banking increasingly on TikTok to drive growth abroad.
Carhartt Stuck With Its Covid-19 Vaccine Mandate. The Backlash Ensued.
Some on social media have called for a boycott; 'we stand behind
our decision,' workwear-apparel company says.
Chinese Developer Country Garden Raises $501 Million
China's largest developer by contracted sales took advantage of
a pickup in investor sentiment toward the property sector to sell
convertible bonds.
(END) Dow Jones Newswires
January 21, 2022 11:00 ET (16:00 GMT)
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