Apple Posts Record Revenue on Strong iPhone, App Sales 
 

Apple posted record revenue and a return to profit growth in its latest quarter behind strong sales of iPhones, apps and its AirPod wireless earbuds.

 
Univision Suitor Seeks to Recruit CBS Chief to Front Bid 
 

Joe Ianniello, who oversees CBS assets at ViacomCBS, hasn't decided whether to join Platinum Equity's bid for the Spanish-language broadcaster.

 
Chipmaker Xilinx to Cut About 7% of Workforce 
 

Xilinx blamed a "perfect storm" of a slowdown in fifth-generation technology investments and the impact of trade restrictions blocking business with China's Huawei Technologies.

 
Starbucks Closes Half of China Stores Amid Coronavirus Outbreak 
 

The coffee chain said customers in the U.S. helped to drive up sales in its latest quarter, but it has closed more than half of its stores in China because of the coronavirus outbreak.

 
U.S. Targets Phone Companies for Allegedly Aiding Robocallers 
 

Federal prosecutors sought restraining orders against telecommunications operators in two states that they said allowed illegal fraudulent calls to go through to recipients.

 
FDA Approves Eko Devices' Algorithms for Detecting Heart Conditions 
 

Eko Devices Inc., which raised $20 million in venture capital in September, has secured U.S. regulatory clearance for algorithms designed to improve screening for two common heart conditions as digital-health startups push into the cardiovascular-disease sector.

 
EBay Profit Drops Amid Strategic Review 
 

Quarterly net revenue for e-commerce company eBay fell 2% from a year ago but was slightly above analysts' estimates. Profit fell 27%.

 
Match Group CEO Mandy Ginsberg Steps Down 
 

Match Group CEO Mandy Ginsberg is stepping down as she faces challenges in her personal life, an internal memo said, marking a leadership change at the dating app-company months before its planned spinoff.

 
J.Crew Hires Former Victoria's Secret Executive as CEO 
 

J.Crew has hired former Victoria's Secret executive Jan Singer as its next chief executive, in an effort to revitalize its namesake brand and reverse a long sales slump.

 
Penn National Gaming to Buy Minority Stake in Barstool Sports 
 

The casino operator plans to take a 36% stake in Barstool Sports for $135 million in cash and $28 million of its stock.

(END) Dow Jones Newswires

January 29, 2020 01:00 ET (06:00 GMT)